“Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly ugly.” ThinkingWayRunningEconomyUglyBest WayInequalityMassive Author:Thomas Frank
“As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.” WantFirstsCountryStatesGovernmentPastGamesChallengesUnitedUnited StatesEconomyGreaterCenturyTwentiesCrisisDepthFinancialDisasterRecoveryShockMassiveChickensSteadyOddsPackagesCliffsRecessionsFinancial CrisisChasmsAusterityLooming Author:Fareed Zakaria
“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.” PeopleFeelsHas BeensDoneBitsBlackResultsEconomyToo MuchAccountsGood ThingsInvestmentCurrentsDecadesIncomeSavingMassiveRacingMondayInflationDeficitRecessionsBorrowingAftermathToo Much Of A Good Thing Author:Nigel Lawson
“Germany is a country that has absolutely had to since the Second World War ask itself massive moral questions. And it's reforged its identity based on culture. I mean, the amount of artists living and working in Berlin is unparalleled. It's one of the strongest economies, not only in Europe, but globally, and it's because of its understanding of the importance of culture.” WorldMeanWarCountryArtistCultureAsksUnderstandingMoralEconomyIdentityAmountEuropeImportanceWar Of The WorldsGermanyMassiveStrongestBerlinSecond World War Author:Cate Blanchett
“In a world of massive wealth and income inequality, Europe must support Greece’s efforts to build an economy which creates more jobs and income, not more unemployment and suffering.” WorldJobsSufferingWealthEffortSupportEconomyEuropeIncomeInequalityMassiveUnemploymentGreeceIncome Inequality Author:Bernie Sanders
“There is no reason products and services could not be swapped directly by consumers and producers through a system of direct exchange – essentially a massive barter economy. All it requires is some commonly used unit of account and adequate computing power to make sure all transactions could be settled immediately. People would pay each other electronically, without the payment being routed through anything that we would currently recognize as a bank. Central banks in their present form would no longer exist – nor would money.” PeopleReasonFormUsedPayEconomyProductsDirectAccountsProducersConsumersNo ReasonMassiveUnitsAdequatePaymentTransactionsComputingCentral Banks Author:Mervyn King
“The U.S. should take notes: Government overspending and a campaign of alienating investors and small business isn't really the best way to boost the economy or overcome massive unemployment.” WayShouldGovernmentEconomyOvercomingNotesCampaignsBest WayMassiveInvestorsUnemploymentSmall BusinessBoostOverspending Author:Oliver DeMille