Economy Quotes
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It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke about the country's need for "an elastic currency." Since then, Congress has passed the Full Employment Act, declaring its general intention to promote "maximum employment, production, and purchasing power." But it has never directly counseled the Federal Reserve.
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Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.
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What drags down our entire economy is when there's an ever-widening chasm between the ultra-rich and everybody else.
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The cry of "Make America Great Again" reflects accurately that, after the fall of the Soviet Union, the sole superpower status of the United States is coming to an end. For the first time since the second World War, we are not the sole dominant economy in the world. In large part this is because of the success of policies followed by the United States to create an environment, a peaceful period in history in which economies could grow and countries could benefit.
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We need a reset in the way the economy grows around the world.
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Hillary Clinton has really strong plans, in terms of the economy, extending health care even further, making education more affordable, making smart gun law changes to prevent the kind of disasters we've been seeing on a daily basis.
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On the economy, good intentions were not enough. Bold leadership was needed. But Barack Obama did not provide it. And the economy still suffers.
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It is not socialist, as some of our critics contend. It isn't purely capitalist, either. It is a new way. A third way. A more humane, trusting, productive, exhilarating, and, in every sense, rewarding way.
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We believe in the fundamental principles of the European economy.
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We are moving rapidly from an era of an oligopoly of content providers to an oligopoly of content controllers: new choke points. This is not media consolidation in the traditional sense, where a few huge conglomerates used economies of scale to dominate journalism by dominating the local and national agendas. This consolidation, to a very few companies plus increasing government intervention, is even more dangerous - and information providers of all kinds are finally starting to grasp what’s happening.
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Multinational corporations and a market economy have transformed human beings into instruments of making money. Human beings should be the end. And money should be the means to an end.
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It is very difficult to enter a single currency zone having fairly weak economic parameters and maintain a favourable state of the economy, not to mention positive growth rates. We have witnessed it not only in Europe, but for example in Argentina (nearly 10 years ago or more), when they tied the national currency to the dollar and later they did not know what to do about it.
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We have to diversify our economy. We have to create jobs. We have to focus on education, more training programmes.
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Policymakers think that if they get the abstractions right, that will drive behavior in the desired direction. But the world happens in real time.
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The only way we come back as a country is to build the domestic economy.
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Be aware that the economy is not meant to control us ... we are meant to control the economy.
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If we are to transition to a new economy and to lead it, we must start by transforming our schools.
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70 to 80 percent of country economy is controlled by the Bolivian state, and the other percentage by the private sector. We admit that it's legal, constitutional, that the private sector is entitled to its own economy, but to ensure these profound changes that clearly this government is promoting, including profound changes in the food industry, what we are doing is an important step.
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Israel is the second Silicon Valley, and it is therefore the only other place we have chosen to expand our activities.
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The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.
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Therefore, let me reiterate that the rate should not meet the interests of a specific group or one or two groups, it should meet the fundamental development interests of the economy itself.
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I believe in a real democratic system, with a state of law and freedom of the press. I believe in a free, open-market economy integrated with the world. And I believe in equality of opportunity. Those are my basic beliefs. On top of that, of course, I believe in some moral values.
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And again, the political economy in that particular environment means that, if my attraction ever coheres as a thought at all, it's never going to be verbalized, because that will mess up the education environment, it will mess up everything. You cannot claim to be doing good if you're moving in that direction.
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The government can't create jobs; they'll destroy jobs trying to do it. The government doesn't have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy.
