“Unless each man produces more than he receives, increases his output, there will be less for him than all the others.” MenEconomyProduceIncreaseOutput Author:Bernard Baruch
“Unfortunately, once an economy is geared to expansion, the means rapidly turn into an end and "the going becomes the goal." Even more unfortunately, the industries that are favored by such expansion must, to maintain their output, be devoted to goods that are readily consumable either by their nature, or because they are so shoddily fabricated that they must soon be replaced. By fashion and built-in obsolescence the economies of machine production, instead of producing leisure and durable wealth, are duly cancelled out by the mandatory consumption on an even larger scale.” MeanEndsTurnsGoalWealthEconomyFashionIndustryBuiltMachinesProductionsScalesGoodsLeisureDevotedConsumptionReplacedExpansionOutputObsolescence Book:THE CITY IN HISTORY Source: THE CITY IN HISTORY
“The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.” WisdomPoliticsTermEconomyIllusionLaborMythProductivityRisingLiberalismInputMeasuringOutput Author:Louis O. Kelso
“Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.” WellsGrowthEconomyFinancialCongressMissionsCriticalEmploymentPreservesStabilityEfficientStableMaximumOutputFinancial SystemPrice Stability Author:Ben Bernanke
“The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.” ActionEconomyPathRiskPolicyDemandPressureAbsenceInflationMomentumMonetaryOutputMonetary Policy Author:Ben Bernanke
“So, I think the output of our innovation is great. We have a culture of self-improvement. I know we can continue to improve. There is no issue. But at the same time, our absolute level of output is fantastic.” ThinkingKnowsSelfCultureLevelsEconomyIssuesSelf ImprovementAbsolutesInnovationImprovementFantasticOutput Author:Steve Ballmer