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Economy Quotes

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Economy Quotes

“I hate writing. I so intensely hate writing - I cannot tell you how much. The moment I am at the end of one project I have the idea that I didn't really succeed in telling what I wanted to tell, that I need a new project - it's an absolute nightmare. But my whole economy of writing is in fact based on an obsessional ritual to avoid the actual act of writing.”

“Centralize property in the hands of a few and the millions are under bondage to property - a bondage as absolute and deplorable as if their limbs were covered with manacles. Abstract all property from the hands of labor and you thereby reduce labor to dependence; and that dependence becomes as complete a servitude as the master could fix upon his slave.”

“Institutionalized rejection of differences is an absolute necessity in a profit economy which needs outsiders as surplus people. As members of such an economy, we have all been programmed to respond to the human differences between us with fear and loathing and to handle that difference in one of three ways: ignore it, and if that is not possible, copy it if we think it is dominant, or destroy it if we think it is subordinate.”

“For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.”

“The public conviction that a railroad linking the West and the East was an absolute necessity became so pronounced after the gold discoveries of '49 that Congress passed an act in 1853 providing for a survey of several lines from the Mississippi to the Pacific.”

“Whensoever, therefore, the legislative shall transgress this fundamental rule of society, and either by ambition, fear, folly, or corruption, endeavour to grasp themselves, or put into the hands of any other, an absolute power over the lives, liberties, and estates of the people, by this breach of trust they forfeit the power the people had put into the hands... and it devolves to the people, who have a right to resume their original liberty, and... provide for their own safety and security.”