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Economic Quotes

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Economic Quotes

“Nicaragua is a World Bank and International Monetary Fund designated "heavily indebted poor country," with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable.”

World Looks Littles Country House Ability Poor Economic Sells International Fund Farms Cash Affordable Monetary Indebted Poor Countries Nicaragua World Bank

Author:Tony D'Souza

“Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.”

Ifs Should Environment Economic Policy Paper Reflection Primaries Monetary Outsourcing Monetary Policy Paper Money

Author:Ron Paul

“Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?”

Doe Economic Taught Adventure Population Consent Monetary Monetary System Unknowing Informed Consent

Book:The Dosadi Experiment

Source: The Dosadi Experiment

“After any disturbance (such as two world wars coinciding with a period of growing economic and monetary incomprehensibility) we find our old concepts inadequate and look for new ones. But it unfortunately happens that the troubled times which produce an appetite for new ideas are the least propitious for clear thinking.”

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.”

“The case for trade is not just monetary, but moral. Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy.”

Liberty Moral Cases Democracy Economic Habit Expectations Trade Monetary Economic Freedom

Book:The George W. Bush Foreign Policy Reader: Presidential Speeches and Commentary

Source: The George W. Bush Foreign Policy Reader: Presidential Speeches and Commentary

“The excellence of metallic money in free circulation consists in the fact that it renders impossible the abuse of the power of the government to dispose of the possessions of its citizens by means of its monetary policy and thus serves as the solid foundation of economic liberty within each country and of free trade between one country and another.”

“Behind the screen of the ballot, the real holders of power ... are the great industrial and monetary monopolies who own our national economic life.”

Real Behinds Economic Screens Monopoly Monetary Ballots

Author:Florence Luscomb

“Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.”

Doe Important Lasts Values Order Mistake Economic Bases Analysis Comparison Goods Arrangements Measurement Calculations Monetary Measuring

Book:Epistemological Problems of Economics

Source: Epistemological Problems of Economics

“Any nation that allows the government to dominate its monetary and economic policies will ultimately suffer grave consequences.”

Government Suffering Nations Economic Policy Consequence Graves Monetary Economic Policy

Author:James Cook

“The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.”

“In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption.”