Economic Quotes
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Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
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“What does not yet exist cannot now be known. The future is imagined by each man for himself and this process of the imagination is a vital part of the process of decision. But it does not make the future known. The absolute and eternal difference between the recorded past and the unformed future, despite its overwhelming significance for the very stuff of human existence, has been often overlooked in our economic theories.”
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Government should support - and benefits from - economic development and settlement. The oft-used analogy of building highways and supporting infrastructure - not driving the vehicles or the industry - fits.
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I think the rise of China is one of the great events of all economic and human history, and I think this will be overwhelmingly a positive thing for the region and the world.
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Growth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.
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My position is that the rate should align with the level of economic development. Because it is always about a balance, a balance of interests, and it should reflect this balance. A balance between those who sell something across the border and those who benefit from a low rate, as well as a balance between the interests of those who buy, who need the rate to be higher. A balance between national producers, for example, agricultural producers who are interested in it.
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In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.
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When Roosevelt came along, I approved of his program, generally. I figured an economic system should work for people, not vice versa.
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In the end we won't be judged as a society solely by our growth statistics or economic activity graphs. We will be judged by the quality of the life that we foster for all members of the community and the compassion we show for the disadvantaged.
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One of the most insidious consequences of the present burden of personal income tax is that it strips many middle class families of financial reserves & seems to lend support to campaigns for socialized medicine, socialized housing, socialized food, socialized every thing. The personal income tax has made the individual vastly more dependent on the State & more avid for state hand-outs. It has shifted the balance in America from an individual-centered to a State-centered economic & social system.
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The remarkable fact is not how much government does to control economic activity, but how much it does not do.
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Executives need to understand the economic benefits of trust dividend, especially when the behavior is real, not artificially or superficially created as PR to manipulate trust.
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Japan's beautiful seas and its territory are under threat, and young people are having trouble finding hope in the future amid economic slump. I promise to protect Japan's land and sea, and the lives of the Japanese people no matter what.
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If environmental protection efforts continue to lag behind economic growth, pollution will become even more rampant.
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As a practical matter, every immigrant needs to master English to be a full participating citizen and to have full economic opportunity.
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That's one of the problems with Hollywood. It'll say 'policeman,' and an unless it says 'black policeman,' a lot of times you won't even get the opportunity to read for it, which is kind of crazy, but that's the way it is.
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I believe that trade is essential for economic growth and development around the world, but I also believe that trade is imperfect.
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The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.
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People in the political world have every incentive to say things that lead voters away from a clear economic understanding of issues. What has happened more and more is that organized groups have more and more reasons to say things that don't make any economic sense.
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If we learn anything from the history of economic development, it is that culture makes all the difference.
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The fact is that life has become a sweepstake. Millions of people who have lost the sense of being able to make anything of the collective effort of shaping their economic society, now expect fortune to descend like pie from the sky.
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AIDS destroys families, decimates communities and, particularly in the poorest areas of the world, threatens to destabilize the social, cultural, and economic fabric of entire nations.
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Just like unrestrained economic liberalism, and for similar reasons, sexual liberalism produces phenomena of absolute pauperization. Some men make love every day; others five or six times in their life, or never. Some make love with dozens of women, others with none. It’s what’s known as ‘the law of the market’… In a totally liberal sexual system certain people have a varied and exciting erotic life; others are reduced to masturbation and solitude.
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Mr. Icahn will be a leader in helping American entrepreneurs shed job-killing regulations that stifle economic growth.
