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Economy Quotes

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Economy Quotes

“The biggest threat to the American people today lies with the United States government. ... [T]he long-term solution is to dismantle, not reform, the iron fist of the welfare state and the controlled economy. This includes the end (not the reform) of the IRS, the DEA, the BATF, the SEC, the FDA, HUD, the departments of HHS, Labor, Agriculture, and energy, and every other agency that takes money from some and gives it to others or interferes with peaceful behavior.”

“As soon as a thought or word becomes a tool, one can dispense with actually 'thinking' it, that is, with going through the logical acts involved in verbal formulation of it. As has been pointed out, often and correctly, the advantage of mathematics - the model of all neo-positivistic thinking - lies in just this 'intellectual economy.' Complicated logical operations are carried out without actual performance of the intellectual acts upon which the mathematical and logical symbols are based. ... Reason ... becomes a fetish, a magic entity that is accepted rather than intellectually experienced.”

“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

“And what has come to prevail in democracies is the very reverse of beneficial, in those, that is, which are regarded as the most democratically run. The reason for this lies in the failure properly to define liberty. For there are two marks by which democracy is thought to be defined: "sovereignty of the majority" and "liberty." "Just" is equated with what is equal, and the decision of the majority as to what is equal is regarded as sovereign; and liberty is seen in terms of doing what one wants.”

“Whoso turns his attention to the bitter strifes of these days and seeks a reason for the troubles that vex public and private life must come to the conclusion that a fruitful cause of the evils which now afflict, as well as of those which threaten us, lies in this: that false conclusions concerning divine and human things, which originated in the schools of philosophy, have crept into all the orders of the state, and have been accepted by the common consent of the masses.”

“In our society, real power does not happen to lie in the political system, it lies in the private economy: that’s where the decisions are made about what’s produced, how much is produced, what’s consumed, where investment takes place, who has jobs, who controls the resources, and so on and so forth. And as long as that remains the case, changes inside the political system can make some difference-I don’t want to say it’s zero-but the differences are going to be very slight.”

“It really gets me when the critics say I haven't done enough for the economy. I mean, look what I've done for the book publishing industry. You've heard some of the titles. 'Big Lies,' 'The Lies of George W. Bush,' 'The Lies and the Lying Liars Who Tell Them.' I'd like to tell you I've read each of these books, but that'd be a lie.”

“Even in an intensely mediated world, in a world that offers at least the illusion of radical self-invention and radical freedom of choice, I as a novelist am drawn to the things you can't get away from. Because much of the promise of radical self-invention, of defining yourself through this marvelous freedom of choice, it's just a lie. It's a lie that we all buy into, because it helps the economy run.”