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Economy Quotes

Browse 6050 quotes about Economy.

Economy Quotes

“Teach economy. That is one of the first and highest virtues. It begins with saving money.”

Firsts Teach Economy Virtue Highest Saving Saving Money

Author:Abraham Lincoln

“There'll be some savings from preventing double dipping by public servants which are currently able to access not one but two fully tax payer funded schemes and of course there will be out paid parental leave levy. So all up not only is this an important economic reform, an important reform to have to grow our economy more strongly, it also will leave the budget better off which will help us fix the mess that Labor has created with the budget.”

“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.”

Long Real Would Be Interest Economy Increase Rate Debt Productivity Income Finance Saving Beneficial Savings Interest Rate National Debt

Author:Alan Greenspan

“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.”

“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

Real Problem Lying Ability Economy Serious Labor Essence Financial Debt Saving Spheres Factories Bubbles Estates Savings Overhead Bond Market

Author:Michael Hudson

“When capital owners are few, the private-property conduits of necessity create vast savings reservoirs for those few. If there were many owners, the same conduits would broadly irrigate the economy with purchasing power.”

Ifs Wisdom Politics Economy Property Saving Liberalism Owners Savings Private Property Reservoirs Purchasing Purchasing Power

Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.”

Source: The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle

“Expense, and great expense, may be an essential part in true economy. If parsimony were to be considered as one of the kinds of that virtue, there is, however, another and a higher economy. Economy is a distinctive virtue, and consists not in saving, but in selection.”

Ifs Kind May Economy Virtue Higher Essentials Saving Expenses Selection Distinctive Parsimony

Author:Edmund Burke

“Be saving, but not at the cost of all liberality. Have the soul of a king and the hand of a wise economist.”

Soul Hands Economy Wise Kings Cost Saving Economist Liberality

Book:Pensées of Joubert

Source: Pensées of Joubert

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.”

Source: Capitalism: The Unknown Ideal

“The mere power of saving what is already in our hands must be of easy acquisition to every mind; and as the example of Lord Bacon may show that the highest intellect cannot safely neglect it, a thousand instances every day prove that the humblest may practise it with success.”

Mind May Shows Hands Easy Lord Economy Example Thousand Prove Highest Mere Intellect Instance Saving Neglect Acquisition Practise Lord Bacon

Author:Samuel Johnson

“There is a wise old saying 'Eat it up, wear it out, make it do, or do without'. Thrift is a practice of not wasting anything. Some people are able to get by because of the absence of expense. They have their shoes resoled, they patch, they mend, they sew, and they save money. They avoid installment buying, and make purchases only after saving enough to pay cash, thus avoiding interest charges. Frugality means to practice careful economy.”

People Mean Enough Able Interest Pay Practice Economy Wise Shoes Careful Absence Saving Buying Expenses Cash Avoiding Patches Saving Money Thrift Frugality Old Saying

Author:James E. Faust

“The savings rate in Italy is high, but the markets do not trust Italy even though it's the third largest economy in the European Union and the eighth in the world.”

World Economy Thirds Unions Rate Saving Savings European Union

Author:Anibal Cavaco Silva

“Student loan debt is crushing young people. And so they're not doing the things we would expect them to do. They're not moving out of their parents' homes in as big a numbers, they're not saving up money for down payments, they're not buying homes or cars or starting small businesses or doing any of the things that help move this economy forward.”

“We believe that our truly urgent need is to make our nation secure, our economy strong and our dollar sound. For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies.”

“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.”

“Economy is a distributive virtue, and consists not in saving but selection. Parsimony requires no providence, no sagacity, no powers of combination, no comparison, no judgment.”

Economy Virtue Judgment Saving Combination Comparison Providence Selection Sagacity Parsimony

Book:The Beauties of Burke, Consisting of Selections from His Works

Source: The Beauties of Burke, Consisting of Selections from His Works

“Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.”

Economy Economic Policy Lows Innovation Rate Financial Spread Saving Regulation Consumption Savings Inappropriate Derivatives Economic Policy Supervision Macro

Author:Wen Jiabao