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Growth Quotes

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Growth Quotes

“AS an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.”

“Although humans have existed on this planet for perhaps 2 million years, the rapid climb to modern civilization within the last 200 years was possible due to the fact that the growth of scientific knowledge is exponential; that is, its rate of expansion is proportional to how much is already known. The more we know, the faster we can know more. For example, we have amassed more knowledge since World War II than all the knowledge amassed in our 2-million-year evolution on this planet. In fact, the amount of knowledge that our scientists gain doubles approximately every 10 to 20 years.”

“You can't have 23 million people struggling to get a job. You can't have an economy that over the last three years keeps slowing down its growth rate. You can't have kids coming out of college, half of them can't find a job today, or a job that's commensurate with their college degree. We have to get our economy going.”