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Economy Quotes

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Economy Quotes

“Indeed, a major source of objection to a free economy is precisely that it... gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”

Source: Capitalism and Freedom: Fortieth Anniversary Edition

“The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.”

Self Growth Economy Path Economic Majors Add Currents Oil Terrorist Recovery Shock Categories Expansion Economic Growth Terrorist Attacks Payroll Oil Price

Author:Sung Won Sohn

“To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names Keynesian inflationism, interventionism, and corporatism.”

Source: Pillars of Prosperity: Free Markets, Honest Money, Private Property

“It is unlikely that you'll have anything emerge from MEF (Major Economies Forum) by way of detailed programmatic specificity.”

Way Economy Majors Unlikely Forums Specificity

Author:Kevin Rudd

“The Soviet Union and its empire disappeared in large part because its smokestack economy could no longer keep up with the technological progress of the world's major economic powers.”

World Economy Progress Economic Majors Unions Empires Soviet Technological Soviet Union Economic Power Technological Progress

Book:The Tragedy of Great Power Politics (Updated Edition)

Source: The Tragedy of Great Power Politics (Updated Edition)

“Back in the mid-1980s, congressional hearings were held after we brought this litigation, and held up the first experiment. At that time, I went in front of Congress, along with the major agencies involved with this.”

Firsts Economy Fronts Involved Majors Congress Hearing Experiments Agency

Author:Jeremy Rifkin

“The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.”

“Canada, the United States and Mexico, we developed these energy reserves that we have in this North American region. And you can see a not only driving down the cost of electricity but a major manufacturing boom in this country. Couple that with tax policy, reduction, reducing the corporate tax rate, and that I think a renaissance in manufacturing like we've never seen in this country and really drive the economy.”

“We have not done the things that are necessary to lower emissions because those things fundamentally conflict with deregulated capitalism. ... We are stuck because the actions that would give us the best chance of averting catastrophe - and would benefit the vast majority - are extremely threatening to an elite minority that has a stranglehold over our economy, our political process, and most of our major media outlets.”

Giving Done Action Political Process Chance Economy Media Conflict Benefits Majors Capitalism Majority Climate Change Stuck Minorities Elites Catastrophe Threatening Outlets Emissions

Author:Naomi Klein

“I don't think you can pump carbon dioxide into the atmosphere indefinitely and not have a reaction. But there are great scientists such as Freeman Dyson, one of the greatest physicists of the last hundred years, who has studied the question, who believes quite the opposite. The reason transnational action is so difficult is because the major problem with climate change is, A, that there is no consensus, and, B, that the economic cost is simply staggering. Reversing it completely might mean undoing the modern industrial economy.”

“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

“Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.”

Ifs Needs Real Economy Serious Succeed Majors Program Train Rate Financial Credit Spending Consumers Immense Rescue Momentum Stimulus Recessions

Author:Paul Krugman

“In the United States today we have the most unequal wealth and income distribution of any major country on earth - worse than at any time since the 1920s. This is an economy that must be changed in fundamental ways.”

Way Country States Today Earth Wealth United United States Economy Changed Majors Fundamentals Income Distribution Income Distribution

Author:Bernie Sanders

“When the strongest nation in the world can be tied up for years in a war with no end in sight, when the richest nation in the world can't manage its own economy, when the nation with the greatest tradition of the rule of law is plagued by unprecedented lawlessness, and when the President of the United States cannot travel abroad or to any major city at home without fear of a hostile demonstration - then it's time for new leadership for the United States of America.”