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Economic Quotes

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Economic Quotes

“The issue here really is not whether international trade shall be free but whether or not it makes any sense for a country - or, for that matter, a region - to destroy its own capacity to produce its own food. How can a government, entrusted with the safety and health of its people, conscientiously barter away in the name of an economic idea that people's ability to feed itself? And if people lose their ability to feed themselves, how can they be said to be free?”

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Author:Wendell Berry
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“I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.”

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Author:John James Cowperthwaite
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“We cannot escape our destiny, nor should we try to do so. The leadership of the free world was thrust upon us two centuries ago in that little hall of Philadelphia. In the days following World War II, when the economic strength and power of America was all that stood between the world and the return to the dark ages, Pope Pius XII said, 'The American people have a great genius for splendid and unselfish actions. Into the hands of America God has placed the destinies of an afflicted mankind.' We are indeed, and we are today, the last best hope of man on earth.”

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Author:Ronald Reagan
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“We simply cannot continue to live with a [tax] system which has so many inequities. It must be changed in such a way that each of us pays a fair share of the burden. It has been said that one man's loophole is another man's livelihood. Even if this is true, it certainly is not fair, because the loophole-livelihood of those who are reaping undeserved benefits can be the economic noose of those who are paying more than they should.”

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Book:Speaking up
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“Free trade holds much of the blame for continued international conflict. Markets are said to possess wisdom that is somehow superior to man. Those of us in business who travel in the developing world see the results of such western wisdom and have a rumbling disquiet about much of what our economic institutions have bought into.”

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Author:Anita Roddick
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“All economic and political institutions are contrivances that should serve the interests of the people. When they fail to do so, they should be replaced by something more responsive, more just, and more democratic. Marx said this, and so did Jefferson. It is a revolutionary doctrine, and very much an American one.”

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Book:Democracy for the Few
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“In his annual economic report to Congress President Bush said that the transfer of American jobs overseas is actually part of a positive transformation that will enrich the U.S. economy over time. So basically, losing your job to someone else can be a good thing. Of course we'll see how he feels about that in November.”

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Author:Jay Leno
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“Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '”

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Author:Ronald Coase
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“So virtuous are the programs said to be - pensions for the elderly, compensation for the unemployed, medicine for the sick, and assistance for the disabled - few dare ring the alarm of looming economic catastrophe that threatens to destabilize the civil society.”

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Book:Liberty and Tyranny: A Conservative Manifesto
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“I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.”

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Author:Nouriel Roubini
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“During the debate over NAFTA President Clinton said, 'I believe that NAFTA will create a million jobs in the first five years of its impact.' WRONG. According to the Economic Policy Institute, NAFTA has led to the loss of more than 680,000 U.S. jobs. I voted against NAFTA and other bad trade agreements and am fighting to stop the TPP.”

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Author:Bernie Sanders
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“We've got to be prepared to stop these guys if they ever try to use their economic power once again, to hurt the economy, and to hurt so many Americans. And my plan, Paul Krugman, Barney Frank, a lot of experts who understand what the new challenges might be, have said I am exactly on point, and the Wall Street guys actually know that.”

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Author:Hillary Clinton
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“But very early in life I became part of the majority culture and now don't think of myself as a minority. Yet the university said I was one. Anybody who has met a real minority - in the economic sense, not the numerical sense - would understand how ridiculous it is to describe a young man who is already at the university, already well into his studies in Italian and English Renaissance literature, as a minority.”

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Author:Richard Rodriguez
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“There God tells us exactly what is going to happen and scripture tells us that there is going to come a world leader who will initially bring overtures of peace. He will help the Jewish people rebuild their temple in Jerusalem. He will have a new economic system where you don't buy or sell without his mark. Initially, for some, it will look like a good deal because there will be peace, as I said.”

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Author:Greg Laurie
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