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Growth Quotes

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Growth Quotes

“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.”

“A library represents the mind of its collector, his fancies and foibles, his strength and weakness, his prejudices and preferences. Particularly is this the case if, to the character of a collector, he adds - or tries to add - the qualities of a student who wishes to know the books and the lives of the men who wrote them. The friendships of his life, the phases of his growth, the vagaries of his mind, all are represented.”

“Friendship, "the wine of life," should, like a well-stocked cellar, be continually renewed; and it is consolatory to think, that although we can seldom add what will equal the generous first growths of our youth, yet friendship becomes insensibly old in much less time than is commonly imagined, and not many years are required to make it mellow and pleasant.”

“We know taxes slow down economic growth, so if you add a carbon tax you have to also minus other taxes. You can't take more money out of people's pockets. I don't think you can build a consensus in this country about environmental policy if you're going to make people poor.”

“The default assumption is that - financial crises aside - growth will continue indefinitely. Not just for the poorest countries, where a better quality of life is undeniably needed, but even for the richest nations where the cornucopia of material wealth adds little to happiness and is beginning to threaten the foundations of our wellbeing.”