“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.” ThinkingMightHouseBitsEconomyPathBasesSpendingEmploymentDeclineConsumptionHouse Prices Author:Ben Bernanke
“With stagnant hourly wages, the only way for working families to get ahead is by working more hours, ... certainly not the path to improving living standards that we'd expect in an economy posting strong productivity gains.” WayStrongHoursEconomyPathStandardsGainsProductivityImprovingWagesStagnantGet Ahead Author:Jared Bernstein
“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.” SelfGrowthEconomyPathEconomicMajorsAddCurrentsOilTerroristRecoveryShockCategoriesExpansionEconomic GrowthTerrorist AttacksPayrollOil Price Author:Sung Won Sohn
“Doing the same things you did when the economy was good is not good enough. You will have to put more coals on the fire in a poor economy to get the same heat you received in a good economy. You must give more energy, more thought, more service, and get into positive thinking material more frequently. Become more selective about who you spend time with. Love a little more, hate a little less. Think about it. You can progressively move on an upward path toward any goal. The choice is yours as to who or what controls you!” ThinkingGivingLittlesEnoughMovingHateChoicesEnergyGoalPoorEconomyPathFirePositive ThinkingMaterialsHeatGood EnoughEnd TimesCoalSpend TimeNot Good EnoughSelective Author:Bob Proctor
“You have given us something more than money, you have given us a lot of your sons, your children that were killed beside our own children in Iraq. Iraqi people are insistent on going along the path for their economy and their security, but we do need the help of other countries who will help us, to stand beside us.” PeopleNeedsChildrenCountryHelpingGivenEconomyPathSecuritySonOur ChildrenIraqYour ChildrenOther CountriesYour Son Author:Ibrahim al-Jaafari
“The path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks to diffuse the private ownership of capital instead of abolishing it entirely. It seeks to make all men capitalists instead of preventing anyone from being a capitalist by making the State the only capitalist.” MenStatesWisdomFacesPoliticsEconomyPathTakenRevolutionOppositesLiberalismCommunistCapitalistOwnershipPreventing Author:Louis O. Kelso
“There are but three political-economic roads from which we can choose... We could take the first course and further exacerbate the already concentrated ownership of productive capital in the American economy. Or we could join the rest of the world by taking the second path, that of nationalization. Or we can take the third road, establishing policies to diffuse capital ownership broadly, so that many individuals, particularly workers, can participate as owners of industrial capital. The choice is ours.” WorldFirstsPoliticalChoicesThreeCoursesPoliticsIndividualEconomyPathEconomicPolicyThirdsWorkersLiberalismProductiveOwnersOwnershipAmerican Economy Author:Russell B. Long
“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
“I think what Republicans want is someone who will stand up and lead, who will take on the great challenges of the day, who will make the case that the path we're on isn't working; that the Obama-economy is a disaster, that Obamacare is a trainwreck, that our constitutional rights are under assault and that we need to restore America's leadership in the world.” ThinkingWorldWantNeedsAmericaChallengesLeadershipCasesEconomyPathRightsRepublicanDisasterAssaultObamacareWorld LeaderConstitutional RightsObama EconomyTrainwrecks Author:Ted Cruz
“There is much in American society which I admire, but I have long held the view that the absence of an effective safety net in that country means that too many needy citizens fall by the wayside. That is not the path that Australia will tread. Nor do we want the burdens of nanny state paternalism that now weigh down many economies in Europe.” WantMeanLongCountryStatesFallViewsEconomyPathCitizensEuropeSafetyBurdenAbsenceAdmireAustraliaNeedyAmerican SocietySafety NetNanniesPaternalism Author:John Howard
“We fought hard for socialism in a devastating war of independence and reunification. To build an affluent and prosperous society, we chose the path of a socialist market economy. We have achieved strong economic growth, and yet the sense of solidarity in our society has not been lost. This is very important to people.” PeopleImportantWarHardLostStrongGrowthEconomyPathEconomicIndependenceSocialismOur SocietySocialistSolidarityProsperousEconomic GrowthMarket EconomyAffluentReunification Author:Nguyen Minh Triet