“If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?” IfsThinkingWorldStillsRealActingAttentionEconomySawsEconomicTruth IsCrisisKillingPay AttentionFlatsOne TimeMortgageGlobal EconomyEconomic CrisisSyncReal TruthWorld Is FlatMortgage Crisis Author:Thomas Friedman
“I am aware that many regard me as an anti-sports character person, but the truth is that the country's economy by then was in bad shape. Tanzania being among the highly indebted countries, I had to give sports the least prominence during my first term, while setting priorities in revitalising our economy.” GivingFirstsPersonsCountryCharacterSportsTermEconomyTruth IsShapesRegardPrioritiesSettingSettingsIndebtedProminenceTanzania Author:Benjamin Mkapa
“We preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe.” GivingBelieveWarEnoughWisdomJobsPoliticsPayCompanyEconomyOur LivesShareReturnTruth IsPercentCapitalismDollarsDebtMiserableLiberalismEnterpriseClosestCheeseMiceWagesSalaryDividendsFree EnterpriseSerfs Book:Left at the post Source: Left at the post
“People like the robber barons assumed that the doctrine of the survival of the fittest authenticated them as deserving power. You know, "I'm the richest. Therefore, I'm the best. God's in his heaven, etc." And that reaction of the robber barons was so irritating to people that it made it unfashionable to think of an economy as an ecosystem. But the truth is that it is a lot like an ecosystem. And you get many of the same results.” PeopleThinkingKnowsMadeHeavenResultsEconomyTruth IsSurvivalInvestingReactionsDoctrineMade ItEtcDeservingEcosystemsIrritatingRobbersSurvival Of The FittestBest GodRobber Baron Author:Charlie Munger
“What is left that only the family can do? According to the new economy - nothing. The leading view today is 'It Takes a Village,' that even love can be outsourced to teachers, coaches, clubs and mentors. The truth is that it does take a village, a community, but a community of families working, playing, cooperating and facing obstacles together, not a community of government institutions.” DoeGovernmentTodayTogetherLeftCan DoCommunityViewsEconomyTeacherTruth IsInstitutionsClubsObstaclesCoachesVillageMentorCooperatingOutsourcedIt Takes A Village Author:Oliver DeMille
“The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.” PeopleThinkingWayNeedsSpeakSocialResultsEconomyEconomicFiguresTruth IsMassStandardsCapitalismHistoricalPopulationBeneficialUnprecedentedStandards Of LivingEpitaphMarket EconomySocial SystemsPropagandistWrens Author:Ludwig von Mises
“My tax plan will cut taxes for 95 percent of workers, because we need to put money back into the pockets of struggling middle-class families and close the egregious tax loopholes that have exploded over the last eight years. My plan eliminates capital gains taxes entirely for the small businesses and start-ups that are the backbone of our economy, as opposed to John McCain's plan, which would tax these businesses. John McCain is running to serve out a third Bush term. But the truth is, when it comes to taxes, that's not being fair to George Bush.” RunningTermStruggleEconomyCuttingTruth IsTaxesSmall BusinessBackboneMccain Author:Barack Obama
“The truth is the Super Bowl long ago became more than just a football game. It's part of our culture, like turkey at Thanksgiving and lights at Christmas, and like those holidays - beyond their meaning - a factor in our economy.” LongLightCultureGamesEconomyFootballTruth IsChristmasFactorsHolidayBowlsLong AgoThanksgivingTurkeysSuper BowlFootball Game Author:Bob Schieffer
“The truth is, of course, that history is not completed in modern commerce any more than philosophy is perfected in political economy. In other words, there is nothing timeless or God-given about filling stations and penicillin and plastic bags.” PhilosophyPoliticalCoursesGivenEconomyModernTruth IsBagsStationsPlasticCommerceTimelessFillingPolitical EconomyPlastic BagsPenicillin Author:James Buchan