“It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.” TryingShowsRealityGovernmentActionEconomyFateEconomicExampleInterventionFashionableRecessionsRailGovernment InterventionGreat Recession Author:Mark Zandi
“Instead of going out to dinner, buy good food. Cooking at home shows such affection. In a bad economy, it's more important to make yourself feel good.” FeelsImportantShowsHomeEconomyCookingAffectionDinnerFeel GoodGoing OutGood Food Author:Ina Garten
“China is an old nation with a colourful history. Its booming economy has triggered an appetite and a curiosity around the world for its art and culture, one that continues to grow. I can, however, tell people that it is a show with no actor.” PeopleWorldArtI CanShowsCultureActorsNationsGrowsEconomyCuriosityChinaAround The WorldAppetiteColourfulArt And Culture Author:Ai Weiwei
“What is doing the damage is the fact that the U.K. is pulling in more imports, which shows the continued strength of the economy and the strength of sterling.” FactsShowsEconomyImportanceDamagePullingImportsSterling Author:Adam Cole
“Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.” StatesShowsLevelsEconomyClearExampleParticularDemandConceptsDuesSettlingLabourUnemploymentEquilibriumMarket EconomyKeynesMarket Failure Author:Paul Ormerod
“Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation." "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.” YearsFirstsLongTwoRealShowsThreeGrowthEconomyMonthsSixImpactRateInvestingFinancialSignificantNineRangeTwo YearsInflationVariablesNine MonthsFinancial MarketsSignificant ChangeDeflation Author:Milton Friedman
“If history could prove and teach us anything, it would be the private ownership of the means of production as a necessary requisite of civilization and material well-being. All civilizations have up to now been based on private property. Only nations committed to the principle of private property have risen above penury and produced science, art, and literature. There is no experience to show that any other social system could provide mankind with any of the achievements of civilization.” IfsWellsMeanArtShowsWisdomWould BeLiteraturePoliticsNationsSocialPrinciplesTeachEconomyMankindMaterialsCivilizationProveAchievementPropertyCommittedProductionsWell BeingLiberalismOwnershipRisenPrivate PropertySocial Systems Author:Ludwig von Mises
“Rome was in the most dangerous inclination to change on account of the unequal distribution of wealth and property, those of highest rank and greatest spirit having impoverished themselves by shows, entertainments, ambition of offices, and sumptuous buildings, and the riches of the city having thus fallen into the hands of mean and low-born persons. So that there wanted but a slight impetus to set all in motion, it being in the power of every daring man to overturn a sickly commonwealth.” MenMeanPersonsShowsWisdomHandsWantedSpiritPoliticsBornWealthCitiesEconomyDangerousBuildingOfficeAmbitionHighestLowsAccountsPropertyEntertainmentRichesFallenLiberalismRomeDaringDistributionInclinationCommonwealthImpetusDistribution Of WealthSumptuous Book:Greek and Roman Lives Source: Greek and Roman Lives
“If the terrorists have the sympathy of people, it's much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems.” PeopleIfsWorldNeedsShowsProblemSidesLeaderEconomyConcernHarderResponsibleTerroristBeing Responsible Author:George Soros
“I try to keep in touch with the details... I also look at the product daily. That doesn't mean you interfere, but it's important occasionally to show the ability to be involved. It shows you understand what's happening.” TryingLooksMeanImportantShowsAbilityEconomyProductsInvolvedHappeningsDetailsInterfere Author:Rupert Murdoch