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Economy Quotes

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Economy Quotes

“The people of the United States don't recognize it, but the oil industry has given the greatest gift to the people of the nation, and that gift is the low cost of energy. Bottom line is this enables the country to be very competitive manufacturing-wise and in the world economy.”

“Consider in what way the industrial system developed upon capitalist lines. Why were a few rich men put with such ease into possession of the new methods? Why was it normal and natural in their eyes and in that of contemporary society that those who produced the new wealth with the new machinery should be proletarian and dispossessed?”

“The very large units of production and exchange have access to credit on a large scale, sometimes without any cover at all, merely upon the prospect of their success, and always upon terms far easier than are open to their smaller rivals. It is perhaps on this line of easier credit that large capital today does most harm to small capital, drives it out and ruins it.”

“The worship of the nation has been able to make men tolerate under its authority what they could never have tolerated from princes: a submission to rule, which, through sumptuary laws on food and drink, through conscription, through a cast-iron system of compulsory instruction for all on State ordered lines, and through a State examination at the gate of every profession, has almost killed the citizen's power to react upon that which controls him, and has almost destroyed that variety which is the mark of life.”

“Thus, the capital owner is not a parasite or a rentier but a worker - a capital worker. A distinction between labor work and capital work suggests the lines along which we could develop economic institutions capable of dealing with increasingly capital-intensive production, as our present institutions cannot.”

“In the minds of many Western politicians, military interventions and air strikes appear to have become legitimate policy tools since the NATO attacks on Yugoslavia during the 1990s. That's how they intend to bring everyone into line who don't share the Western view of democratization of society and the liberalization of the economy. But there is no future for that kind of globalization.”

“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.”

“Our new immigrants must be part of our one America. After all, they're revitalizing our cities, they're energizing our culture, they're building up our economy. We have a responsibility to make them welcome here, and they have a responsibility to enter the mainstream of American life. That means learning English and learning about our democratic system of government. There are now long waiting lines of immigrants that are trying to do just that. Therefore, our budget significantly expands our efforts to help them meet their responsibility. I hope you will support it.”