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Economic Quotes

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Economic Quotes

“I was 25 years old and pursuing my doctorate in economics when I was allowed to spend six months of postgraduate studies in Naples, Italy. I read the Western economic textbooks and also the more general work of people like Hayek. By the time I returned to Czechoslovakia, I had an understanding of the principles of the market. In 1968, I was glad at the political liberalism of the Dubcek Prague Spring, but I was very critical of the Third Way they pursued in economics.”

“There is one bit of advice given us by the ancient Greeks, and by the Jews in the Old Testament, and by the great Christian teachers of the Middle Ages, which the modern economic system has completely disobeyed. All these people told us not to lend money at interest; and lending money at interest - what we call investment - is the basis of our whole system.”

“In every major war we have fought in the 19th and 20th centuries. Americans have been asked to pay higher taxes - and nonessential programs have been cut - to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families.”

“In terms of the economics, yes obviously the rise of e-books and how people choose to read books has a big effect on the economics of the game. But whether people are buying them on paper or downloading them there's still some poor wretch in a room who is trying to write a poem, write a story, write a novel. And so my job doesn't change. It's just how people receive it and economic conditions on the ground change, but that doesn't affect what I write.”

“My hope is to get young people to think about ways that they can translate hip-hop's great cultural movement into political power that can change the conditions for America's young, so that young people upon graduating from high school who don't have economic means to go to college can realize other options beyond joining the military and fighting in wars that enrich corporations like Halliburton which should feel guilty about profiteering off of a war that is being fought on the backs of those locked out of America's mainstream economy.”

“These events are swirling around them. In the white community, people felt like they had no control over their neighborhoods, their destiny. In the black community, centuries of government and economic forces were pushing on them. I went in with a kind of arrogance, maybe, that came from living in a very intellectual family, and I left knowing that there was a lot about the way people lived that I didn't know about.”

“When I tell people I was in the St. Justin Martyr parish, if they are native Chicagoans they know exactly where I was and what that was like. The Sunday before this particular march, the archbishop of Chicago, Cardinal Cody, had required all of his pastors to read a letter in support of open housing and economic justice in every parish in the city.”

“When we cut off access to certain parts of our cities to people on bikes or in wheelchairs, we're not only doing economic damage, we're also doing culture damage. New York is the culture capital of the world because people are running into each other on the street all the time. They are forced to engage in creativity and problem-solving.”

“And with the Occupy Movement, it's really ironic how the police come as representatives and enforcers of the powers that be, even though the people in the Occupy Movement are really on their side - not in terms of their behavior, but in terms of their economic status, in terms of who the police are in society and how much they're paid, and if you boil it down to the economics of it, the police should be out there marching with the Occupy Movement.”

“We have a very old conservation movement, particularly in the United States, which has focused on campaigns to protect endangered species: the spotted owl, the old-growth forest. But usually it stops there. To me, biodiversity is the full spectrum. Species conservation is not only about wilderness conservation. ItÂ’s also about protecting the livelihood of people even while changing the dominant relationship that humans have had with other species. In India, itÂ’s an economic issue, not just an ecological one.”

“Unless there is free and fair competition, there can't be healthy economic development. And what we have in Burma now is not an open-market economy that allows free and fair competition, but a form of colonialism makes a few people very, very wealthy. It's what you would crony capitalism.”

“here are problems with the Turkish products inside Russia and the tourism going down. People are worried about that. But the really big economic weapons, oil and especially natural gas, those have not been brought into play yet - mostly in the form of threat so far. So basically the view from here is that, yeah, things are getting bad, but they could still get much, much worse.”

“We're obviously at the edge of something quite new in humanity's experience. That is this globalization process which isn't just economic or social, but involves the interpenetration of cultures, people moving to different places several times in their lifetime, traveling for business or pleasure, and marrying people of very different cultural backgrounds, all of which was almost impossible a hundred years ago.”

“The whole immigration issue suggests the inevitability of people in our time seeking economic security that they can't find at home, which usually involves bringing their religion with them. One's children are going to be married to people outside their religious traditions as well as inside.”

“I think people cast their votes for a number of reasons. I think if you look at your polls, you'll probably find that many, many people think that our views are closer to what they believe the future of America should be. That our views are closer on economic issues. And a lot of those polls come down to demographics, to age, to how much money you are making.”

“She [Hillary Clinton] knows the people well. I think there is - you know, also talking about breaking down barriers and talking about that, whether we`re talking about that in economic terms. I mean, she`s the only person who has been out there talking about white privilege and talking about sort of the intersectionality of some of these issues.”

“We know taxes slow down economic growth, so if you add a carbon tax you have to also minus other taxes. You can't take more money out of people's pockets. I don't think you can build a consensus in this country about environmental policy if you're going to make people poor.”

“Once in a while you get people that maybe because of economic reasons, or have a social network, they get attracted. But it's a very tiny percent so that when we look at, you know, who are pastors and who are the head clergy of these congregations, they're overwhelmingly white, just a few African Americans, and those folks are usually called to what were formerly white congregations, or they started interracial church from the get-go.”

“Diligence means to be keen in matters of virtue and justice, but worldly people use diligence to solve their economic difficulties. Frugality means to have little desire for material goods, but worldly people use frugality as a cover for stinginess. Thus do watchwords of enlightened life turn into tools for the private business of small people. What a pity!”

“It didn't seem to have relevance, except in Central America or South America, countries where the church was connected to the fight of the people for economic justice. That's why it was so interesting to find myself back with Sister Helen [in Dead Man Walking], this new breed of nuns who were making a difference in the community.”

“If I could say something about Capricornia, and it came out in your previous report, there is no doubt that the end of the mining boom has led to an economic downturn in central Queensland, and that is why people in Capricornia, and elsewhere in central Queensland too, are so desperate for a government that will protect their jobs and create new opportunities for jobs in the future. And that is why [Malcolm] Turnbull government's message of jobs and growth and its six point economic plan is so important to them.”

“This is a very practical discussion about the fact that one of the largest coal companies in the world, Adani, wants to build one of the, develop one of the largest coal mines in Australia in this region of Australia. And if they get the green light to do that, that will secure the economic future of people in Rockhampton, and people in central Queensland. It will secure their jobs in the future, and that's what they're concerned about.”

“I think what Donald Trump is saying to people is that America has way more leverage at the negotiating table than America has used in the past. And whether you like it or not, the government and trade representatives have made the decision not to use that leverage. And it has had an economic impact on the lower and middle class.”

“I'm not critical of the people who do psychotherapy. The therapists in the trenches have to face an awful lot of the social, political, and economic failures of capitalism. They have to take care of all the rejects and failures. They are sincere and work hard with very little credit, and the HMOs and the pharmaceutical companies and insurance companies are trying to wipe them out. So certainly I am not attacking them. I am attacking the theories of psychotherapy.”

“The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom's membership in Nato remains a vital cornerstone of US foreign, security and economic policy.”

“When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.”