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Economy Quotes

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Economy Quotes

“Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.”

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Author:Mark Zandi
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“The biggest threat to the American people today lies with the United States government. ... [T]he long-term solution is to dismantle, not reform, the iron fist of the welfare state and the controlled economy. This includes the end (not the reform) of the IRS, the DEA, the BATF, the SEC, the FDA, HUD, the departments of HHS, Labor, Agriculture, and energy, and every other agency that takes money from some and gives it to others or interferes with peaceful behavior.”

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Author:Jacob G. Hornberger
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“To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names — Keynesian inflationism, interventionism, and corporatism.”

MayTodayPoliticalNamesPartyEconomyInvolvedBenefitsMajorsEvidenceCapitalismCurrentsConnectedFraudPolitical PartiesFree MarketCorporatismFree Market CapitalismInterventionism
Book:Pillars of Prosperity: Free Markets, Honest Money, Private Property
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“If we want to make the best products, we also have to invest in the best ideas... Every dollar we invested to map the human genome returned $140 to our economy... Today, our scientists are mapping the human brain to unlock the answers to Alzheimer's... Now is not the time to gut these job-creating investments in science and innovation. Now is the time to reach a level of research and development not seen since the height of the Space Race.”

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Author:Barack Obama
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“Today, you have 20 percent of the world controlling 80 percent of the Gross Domestic Product; you've got a $30 trillion (US) world economy, and $24 trillion of it is in the developed countries... These inequities can't exist. So if you are talking about systemic breakdown, I think you have to look in terms of social breakdown.”

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Author:James Wolfensohn
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“We forget today that Britain still depends for its livelihood and, indeed, its day-to-day survival, on the sea. But the Royal Navy is now pitifully small and has been reduced in size by the current Government, seeking economies to finance its social programmes. Fine while there is no threat to our security. But what use would schools and hospitals be if we could not protect our imports?”

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Author:John Keegan
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“The organized labor movement as it is constituted today is as much a concomitant of a capitalist economy as is capital. Organized labor is predicated upon the basic premise of collective bargaining between employers and employees. This premise can obtain only for an employer-employee type of society. If the labor movement is to maintain its own identity and security, it must of necessity protect that kind of society.”

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Book:Reveille for Radicals
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“... But as a Godless greed pursued its career from excess to excess, it provoked a sort of twin hostile brother, equally Godless, born in the same atmosphere of utter disregard for the foundational virtues of humility and charity. This hostile twin brother of Capitalism was destined to be called Communism, and is today setting out to murder its elder.”

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Author:Hilaire Belloc
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“The larger the unit of capital present, the easier the transaction called emission of credit. Centralized lending of this kind (which is today universal) actively promotes the absorption of the small man by the great, the reduction of small property owners to a proletarian condition.”

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Book:The Crisis Of Civilization
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“The very large units of production and exchange have access to credit on a large scale, sometimes without any cover at all, merely upon the prospect of their success, and always upon terms far easier than are open to their smaller rivals. It is perhaps on this line of easier credit that large capital today does most harm to small capital, drives it out and ruins it.”

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Book:The Crisis Of Civilization
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“There are two kinds of people in this world, my grandmother used to say: the Have's and the Have-not's, and she stuck to the Have's. And today, Señor Don Quixote, people are more interested in having than in knowing. An ass covered with gold makes a better impression than a horse with a packsaddle.”

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Book:Don Quixote
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“Here is an educational bombshell: Take from all of today's industrial nations all their industrial machinery and all their energy-distributing networks, and leave them all their ideologies, all their political leaders, and all their political organizations, and I can tell you that within six months, two billion people will die of starvation, having gone through great pain and deprivation along the way.”

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Author:R. Buckminster Fuller
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“The primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the few. But a new element of unrest has been added: a growing awareness that mass poverty is caused by defective institutions that prevent our harnessing the physical capabilities of science, engineering, management and labor to create general affluence; in other words, a growing awareness that poverty in any country that is or can be industrialized, is man's not nature's fault.”

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Author:Louis O. Kelso
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“The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.”

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Author:Louis O. Kelso
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“A nation that will keep people in slavery for 244 years will "thingify" them and make them things. And therefore, they will exploit them and poor people generally economically. And a nation that will exploit economically will have to have foreign investments and everything else, and it will have to use its military might to protect them. All of these problems are tied together. What I'm saying today is that we must go from this convention and say, "America, you must be born again!"”

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Author:Martin Luther King, Jr.
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“We are free today substantially, but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few. A Republic cannot stand upon bayonets, and when the day comes when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nations to the changed conditions.”

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Author:James Madison
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“To each, therefore, must be given his own share of goods, and the distribution of created goods, which, as every discerning person knows, is laboring today under the gravest evils due to the huge disparity between the few exceedingly rich and the unnumbered propertyless, must be effectively called back to and brought into conformity with the norms of the common good, that is, social justice.”

KnowsPersonsWisdomTodayEvilPoliticsGivenSocialJusticeCommonEconomyRichShareHugeSocial JusticeDuesLiberalismGoodsConformityNormDistributionCommon GoodDisparityDiscerning
Book:On reconstructing the social order: (Quadragesimo anno)
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“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.”

TodayPoliticsEconomyDemandFlowExcellenceProducersSavingAgentsLiberalismFundCapitalistReservesReplacedCommoditySavingsBankersPurchasingPurchasing PowerMiddlemen
Book:The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
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“The basic struggle today is not between individualism and collectivism, free enterprise and socialism, democracy and dictatorship. These are only the superficial manifestations of a deeper struggle which is moral and spiritual and involves above all else whether man shall exist for the state, or the state for man, and whether freedom is of the spirit or a concession of a materialized society.”

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Author:Fulton J. Sheen
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“Possession properly has two faces, two aspects: we all have a right to private property, but this is accompanied by our responsibility for its righteous use. These two things (which should be inseparable) are frequently divided today. Everyone admits that the farmer who own a horse is obligated to feed and care for it, but in the case of stocks and bonds, we often forget that the same principle should prevail.”

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Author:Fulton J. Sheen
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“Technology and computers are very much at the core of our economy going forward. To be prepared for the demands of the 21st century-and to take advantage of its opportunities-it is essential that more of our students today learn basic computer programming skills, no matter what field of work they want to pursue.”

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Author:Todd Park
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“David Rockefeller is the most conspicuous representative today of the ruling class, a multinational fraternity of men who shape the global economy and manage the flow of its capital. Rockefeller was born to it, and he has made the most of it. But what some critics see as a vast international conspiracy, he considers a circumstance of life and just another day's work... In the world of David Rockefeller it's hard to tell where business ends and politics begins”

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Author:Bill Moyers
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“I heard this today and I thought this was fascinating and interesting. President Bush has two daughters, two beautiful daughters, and they may work on their father's presidential campaign after they get out of college and I thought, well, that's a pretty good move because in this economy, they won't be able to find real jobs.”

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Author:David Letterman
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“A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs...Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case?”

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Author:S. E. Cupp
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“Although population and consumption are societal issues, technology is the business of business. If economic activity must increase tenfold over what it is today to support a population nearly double its current size, then technology will have to reduce its impact twenty-fold merely to keep the planet at its current levels of environmental impact. For example, to stabilize the climate we may have to reduce real carbon emissions by as much as 80 percent, while simultaneously growing the world economy by an order of magnitude.”

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Book:Capitalism at the Crossroads: Next Generation Business Strategies for a Post-Crisis World
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