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Economic Quotes

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Economic Quotes

“It was an axiom of "containment" that no part of the known world could be considered neutral. "Neutralism" was among the Cold Warriors' gravest curse words, applied with caustic hostility to India and even France. Those who were not with were against, subjected to intense economic and ideological and sometimes military pressure to fall into line.”

“There's always this problem in society where people know they need these places for social peace, but the fundamentalists want to shut them down. Sometimes that's for economic reasons, because they want to build a supermarket there. The imam will hold a prayer and say let's get rid of the girls, but on the other hand they're all going there.”

“Music was not always my fan. Sometimes there were lean years, years where I was uncertain if I was doing the right or wrong thing. And years where there wasn't the acceptance, years of economic hardships, and failures. That's when you get to know either who you are, what you're made of, or what's inside of you. If you don't probe deeper, you'll never know, and you can't go on.”

“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.”

“Sometimes people say to me, 'Well, what was the difference between Kosovo, which was a successful intervention, and Iraq and Afghanistan that have been so difficult?' And the answer is perfectly simple. In Kosovo, you have, after the removal of the loss of its regime, you had a process of political and economic reconstruction that took its part without the intervention of terrorism. If you had the intervention of terrorism, by the way, it would have been extremely difficult there - but we didn't.”