“One wonders whether the Obama re-election campaign may be on the right track as it seeks to apply the you-break-it-you-own-it rule to Bush and the American economy. Hardly a day goes by without President Obama or his surrogates arguing that it takes longer than four years to recover from an economic crisis so long in the making.” YearsMayLongPresidentWonderBreakEconomyFourEconomicElectionCrisisTrackArguingCampaignsPresident ObamaFour YearsRight TrackEconomic CrisisSurrogatesAmerican Economy Author:Jon Meacham
“If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.” IfsThinkingNeedsLongStatesProblemCareRunningEnergyUnitedClassUnited StatesIssuesEconomicMiddleCleanProsperityHealth CareBudgetsCandidatesMiddle ClassTransitionLong RunsDeficitRestoringClean EnergyEconomic IssuesBudget Deficit Author:Christina Romer
“In the course of his long, turbulent career, W. E. B. Du Bois attempted virtually every possible solution to the problem of twentieth-century racism...scholarship, propaganda, integration, national self-determination, human rights, cultural and economic separatism, politics, international communism, expatriation, third world solidarity.” WorldHumansLongSelfProblemCoursesCareersRightsEconomicCenturyRacismSolutionsDeterminationThirdsInternationalHuman RightsCommunismPropagandaSelf DeterminationSolidarityIntegrationTwentieth CenturyScholarshipThird World Author:David Levering Lewis
“In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.” LongFactsRunningEconomicMovementActivityIncreaseResponseRateFirmBordersLong RunsTradingStrengthening Author:Toshihiko Fukui
“Apparently, there is no bad economic turn a conservative cannot do unto his buddy in the working class, as long as cultural solidarity has been cemented over a beer.” LongHas BeensTurnsClassEconomicConservativeBeerSolidarityWorking ClassBuddy Book:What's the Matter with Kansas?: How Conservatives Won the Heart of America Source: What's the Matter with Kansas?: How Conservatives Won the Heart of America
“It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.” PeopleMindLongImportantMatterEnoughHandsRunningGrowthKnowledgeEconomicEffectsCostMouthsEconomicsOvercomingSizePopulationIntellectContributionLong RunsSmart PeopleKnowledge Is PowerPopulation GrowthUseful Knowledge Author:Julian Simon
“Where there has been racial hatred, it must be ended. Where there has been tribal animosity, it will be finished. Let us not dwell upon the bitterness of the past. I would rather look to the future, to the good new Kenya, not to the bad old days. If we can create this sense of national direction and identity, we shall have gone a long way to solving our economic problems.” IfsWayLooksLongHas BeensProblemPastGoneEconomicIdentityHatredFinishedBitternessLong WayOld DaysKenyaAnimosityEconomic ProblemsLooking To The Future Author:Jomo Kenyatta
“After long centuries, agrarian civilization is weakening. Is sufficient attention being devoted to the arrangement and improvement of the life of the country people, whose inferior and at times miserable economic situation provokes the flight to the unhappy crowded conditions of the city outskirts, where neither employment nor housing awaits them?” PeopleLongCountryCitiesAttentionSituationEconomicLandConditionsCenturyCivilizationImprovementUnhappyFlightEmploymentMiserableSufficientDevotedInferiorsProvokingArrangementsHousingCrowdedWeakening Author:Pope Paul VI
“President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.” LongAmericaSidesGrowthPresidentTermEconomicPolicyTaxesEssentialsUnderstoodEconomicsSpendingLong TermEconomic PolicyPresident ReaganSupply Side Economics Author:Bob Beauprez
“In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -“frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct.” LongHardGovernmentFormTermDealsSituationStepsEconomicRight NowDistanceProsperityCreditDebtStormLong TermFederal GovernmentBrewingHyperboleEconomic ProsperityDebaclesGovernment Debt Author:Richard W. Fisher
“If we did not have a patent system, it would be irresponsible, on the basis of our present knowledge of its economic consequences, to recommend instituting one. But since we have had a patent system for a long time, it would be irresponsible, on the basis of our present knowledge, to recommend abolishing it.” IfsLongWould BeEconomicLong TimeConsequenceBasesIrresponsiblePatents Author:Fritz Machlup
“In the end the question is: Who is to be master, man or his machines? As long as the control over technology rests primarily on economic calculation, the victor is not likely to be man.” MenLongEndsTechnologyEconomicMastersMachinesCalculations Author:Robert Heilbroner
“Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.” MenWorldLittlesLongCareSufferingEasyEconomicStageOutside World Book:The Economic Consequences of the Peace Source: The Economic Consequences of the Peace
“War is a culture, bellicosity is addictive, defeat for a community that imagines itself to be history's eternal victim can be as intoxicating as victory. How long will it take for the Serbs to realize that the Milosevic years have been an unmitigated disaster for Serbia, the net result of Milosevic's policies being the economic and cultural ruin of the entire region, including Serbia, for several generations? Alas, one thing we can be sure of, that will not happen soon.” YearsLongHas BeensWarHappensCultureRealizingCommunityResultsImagineGenerationsOne ThingEconomicPolicyVictoryEternalVictimIncludingDefeatDisasterRuinsRegionsAlasSerbia Author:Susan Sontag
“I wish I could write a book that will be read for as long as our civilization lasts. I would value it much more highly than any business success if I could contribute to an understanding of the world in which we live or, better yet, if I could help to preserve the economic and political system that has allowed me to flourish as a participant.” IfsWorldWritingLongBookHelpingLastsPoliticalValuesWishUnderstandingEconomicCivilizationPreservesIf I CouldBusiness SuccessParticipantsPolitical Systems Author:George Soros