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Economy Quotes

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“Enforced by genetics, sexual reproduction, perspective, and experience, the most manifest characteristic of human beings is their diversity. The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions- all attempting to quell human diversity and impose order. Thus power always seeks centralization.”

“I think that is the fight that we have to wage if we're to save the middle class. And I do have doubts about whether Hillary Clinton or whether any Republican candidate out there is prepared to take on the big money interests who control so much of our economy and as a result of Citizens United, our political process as well.”

“Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.”

“The progressive historical role of capitalism may be summed up in two brief propositions: increase in the productive forces of social labour, and the socialisation of that labour. But both these facts manifest themselves in extremely diverse processes in different branches of the national economy.”

“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.”

“Industrial production, the flow of resources in the economy, the exertion of military effort in a war theater-all are complexes of numerous interrelated activities. Differences may exist in the goals to be achieved, the particular processes involved, and the magnitude of effort. Nevertheless, it is possible to abstract the underlying essential similarities in the management of these seemingly disparate systems.”

“But life cannot maintain itself alone. The Creator of life has entrusted us with the responsibility of preserving, developing, and perfecting it. In order that we may accomplish this, He has provided us with a collection of marvelous faculties. And He has put us in the midst of a variety of natural resources. By the application of our faculties to these natural resources we convert them into products, and use them. The process is necessary in order that life may run its appointed course.”

“It is also true that the less possible it becomes for a man to acquire a new fortune, the more must the existing fortunes appear as privileges for which there is no justification. Policy is then certain to aim at taking these fortunes out of private hands, either by the slow process of heavy taxation of inheritance or by the quicker one of outright confiscation. A system based on private property and control of the means of production presupposes that such property and control can be acquired by any successful man.”

“So many of the new nations which were established as democracies after the second world war, during the decolonizing process, have now changed their system to state-socialism. Small elites run them, and they aren't sharing societies. They aren't even socialist. The power of the state has been merged with business property and you have the greatest concentration of power that's possible.”

“The creative process ignites our imagination, and I believe that that same imagination is what will propel us forward with issues of social change. I do think we have to acknowledge that we are a very capitalistic and consumptive nation, and that talk about conservation or issues of sustainability is never going to be popular with the dominant culture because it means checks and balances on an economy that is reserved for the dollar, rather than an economy that honors and respects spiritual resources and the right of all life to participate on the planet, not just our species.”

“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.”

“It is clear that the building of models is not a purely mechanical process but requires skill of a high order - not merely mathematical skill but a sensitivity to the relative importance of different factors and a critical, almost an artistic, faculty in the selection of behaviour equations which are reasonable, tentative hypotheses in explaining the behaviour of actual economies.”

“Contrary to popular belief, prosperity is an emotional state that has little to do with your wealth or the state of the economy. You can feel more prosperous in a one-room cottage than most wealthy people feel in a twenty-room mansion. Misers will hoard a lot of money and spendthrifts will spend whatever they have - you don't have to do either to feel prosperous. You may have to give up your secure, high-paying corporate job, however - and grow spiritually in the process.”

“Criticism of growth arose with the discovery that growth beyond a certain point is destructive of the earth. We are already using resources much faster than they can be replenished. We are producing wastes much faster than nature's sinks can process them. The growth economy will end. The only questions are when its end will come, and whether humanity will be able to survive its demise.”

“In the name of economy a thousand wasteful devices would be invented; and in the name of efficiency new forms of mechanical time-wasting would be devised: both processes gained speed through the nineteenth century and have come close to the limit of extravagant futility in our own time. But labor-saving devices could only achieve their end-that of freeing mankind for higher functions-if the standard of living remained stable. The dogma of increasing wants nullified every real economy and set the community in a collective squirrel-cage.”

“In the economy we guarantee all market players the same conditions, and the private sector plays an increasingly important role. We are in the process of dissolving thousands of state-owned companies and converting them into stock corporations. We even plan to accelerate this development. In contrast, it is the party's responsibility to improve the lives of the people, and this is where our citizens have great confidence in us. Party members who commit crimes are severely punished.”

“I am impressed by the positive and insightful feedback we have received from Canadians across the country and again this morning in Brampton. The input received during the pre-budget consultation process is invaluable to our Government, as we move forward in keeping Canada's economy strong. That means keeping taxes low while investing in programs and services that are important to Canadians and their families.”