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Economic Quotes

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Economic Quotes

“What I used to respect was not really aristocracy, but a set of personal qualities which aristocracy then developed better than any other system . . . a set of qualities, however, whose merit lay only in a psychology of non-calculative, non-competitive disinterestedness, truthfulness, courage, and generosity fostered by good education, minimum economic stress, and assumed position, AND JUST AS ACHIEVABLE THROUGH SOCIALISM AS THROUGH ARISTOCRACY.”

“The economic and social theories used by those who take part in the social struggle ought to be judged not by their objective value but primarily for their effectiveness in arousing emotions. The scientific refutation of them which can be made is useless, however correct it may be objectively.”

“Adam Smith's was a real universalism in intent. Laissez Faire was intended to establish a world community as well as a natural harmony of interests within each nation... But the "children of darkness" were able to make good use of his creed. A dogma which was intended to guarantee the economic freedom of the individual became the "ideology" of vast corporate structures of a later period of capitalism, used by them, and still used, to prevent a proper political control of their power.”

“It appears it would be quite un-American not to be suspicious of the government or to distrust it. History has taught them a little too much about the tragic frailties of human governments, but it has also driven home to them that they must control firmly political and economic power, which, handed over to any government in their land, could be easily used to oppress them.”

“It is not a struggle merely of economic theories, or forms of government or of military power. At issue is the true nature of man. Either man is the creature whom the psalmist described as a little lower than the angels ... or man is a soulless, animated machine to be enslaved, used and consumed by the state for its own glorification. It is, therefore, a struggle which goes to the roots of the human spirit, and its shadow falls across the long sweep of man's destiny.”

“Everybody has a gas-guzzling car because people like SUVs. They would like SUVs if they were hybrid vehicles that had the same horsepower and used less gasoline. Instead, what the auto manufacturers are doing is building SUVs that are hybrid vehicles that use the same amount of gasoline because they up the horsepower. That's a decision that they make to market irresponsible economic behavior. The American people like the SUVs, they have kids, they, they need them, they get around in them, but we have options.”

“The way the United States intelligence community operates is it doesn't limit itself to the protection of the homeland. It doesn't limit itself to countering terrorist threats, countering nuclear proliferation. It's also used for economic espionage, for political spying to gain some knowledge of what other countries are doing.”

“The Idea of Anti-imperialism is... to be considered on several grounds. First, it is traditionally pervasive in the United States, though given its most extreme form in anti-Western academe. Second, it is used as a negative label for any effort by the United States, or the West, to encourage liberties, to block fanaticisms, and to make aid dependent on positive economic policies. Those concerned with the future development of their countries, and of the world, cannot afford to let obsolete resentments distort their aims.”

“Throughout the twentieth century and into the beginning of the twenty-first, the United States repeatedly used its military power, and that of its clandestine services, to overthrow governments that refused to protect American interests. Each time, it cloaked its intervention in the rhetoric of national security and liberation. In most cases, however, it acted mainly for economic reasons-specifically to establish, promote and defend the right of Americans to do business around the world without interference.”

“Now, part of the problem with the climate debate is that so much gas board language like that [the IPCC's language] has been used and there's been too little plain, scientific, and economic thinking. And so, the entire political class has been captured by an idea, which as always with the best bad ideas has a grain of truth in it, which is then exaggerated beyond all reason. This has happened before - one thinks of the Dreyfus case, for instance.”

“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.”