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Economy Quotes

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Economy Quotes

“In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.”

Way Giving Long Running Form Economy Benefits Trade Long Runs Cheaper Outsourcing

Author:Janet Yellen

“Anybody interested in solving, rather than profiting from, the problems of food production and distribution will see that in the long run the safest food supply is a local food supply, not a supply that is dependent on a global economy. Nations and regions within nations must be left free and should be encouraged to develop the local food economies that best suit local needs and local conditions.”

Source: The Art of the Commonplace: The Agrarian Essays of Wendell Berry

“If Christianity were true religious persecution would become a pious and charitable duty: if God designs to punish men for their opinions it would be an act of mercy to mankind to extinguish such opinions. By burning the bodies of those who diffuse them many souls would be saved that would otherwise be lost, and so there would be an economy of torment in the long run. It is therefore not surprising that enthusiasts should be intolerant.”

Source: The Martyrdom of Man

“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.”

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“I think that one thing that people are missing is that we are never going to be able to fix this country's [American] economy in the long run until we fix our public education system.”

People Thinking Long Country Running Able Economy One Thing Missing Long Runs Education System Public Education American Economy

Author:Michelle Rhee

“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.”

World Long War Helping Running America Economy Research Increase Iraq Productivity War Of The Worlds Unusual World War Ii Decline World War I Long Runs Great Depression

Author:Joseph Stiglitz

“The importance of the Beats is twofold: first, they act out a critique of the organized system that everybody in some sense agrees with. But second-and more important in the long run-they are a kind of major pilot study of the use of leisure in an economy of abundance.”

Firsts Kind Long Important Use Running Economy Study Majors Beats Importance Agree Organized Abundance Pilots Leisure Long Runs Critique

Book:Growing Up Absurd: Problems of Youth in the Organized Society

Source: Growing Up Absurd: Problems of Youth in the Organized Society

“Like nature, our economic system remains, in the long run, stable and rational...We welcome the inevitable seasons of our economy! How foolish of us.”

Long Running Economy Economic Seasons Remains Foolish Rational Welcome Inevitable Stable Long Runs Economic Systems

Author:Jerzy Kosinski

“Outsourcing American jobs will prove to be a plus for the economy in the long run. It's simply a new way of doing international trade.”

Way Long Running Jobs Economy Prove Trade International Plus Long Runs New Ways Outsourcing International Trade American Jobs

Author:Greg Mankiw