Quotes About Economy

inequality of opportunity slows growth by keeping disadvantaged potential workers from developing their full capacity.

the more fundamental problem with the big government explanation is that by most measures (all spending, or spending on the welfare state in real per capita terms, or spending as a fraction of GDP; number of government employees) the size of government lagged behind the I-we-I curve by several decades. Federal government spending and the number of employees rose steadily in tandem with the I-we-I curve from 1900 to 1970 and kept rising until they leveled off after the 1980s.

A good indicator of a healthy economy is when people buy completely useless things.

We've been paying a fraction of what things really cost to make, but meanwhile the planet, and the workers who made the stuff, take the unpaid costs right in the teeth.

In a capitalist world, the word capital has taken on more and more uses. . . . human capital, for instance, which is what labor accumulates through education and work experience. Human capital differs from the classic kind in that you can't inherit it, and it can only be rented, not bought or sold.

Easier to destroy the world than to change capitalism even one little bit.

capital, having considerably more liquidity than water, slid

And yet the economy insisted on a minimum of five percent unemployment, to create the proper "wage pressure." Millions of people who wanted jobs went unhired and therefore couldn't afford a home, therefore suffered from "food insecurity," so that businesses could keep wages low. These people.

bubbles and Ponzi schemes and capitalism all have to keep growing or else they are in deep shit.

the way bubbles work is structurally identical to Ponzi schemes—what a coincidence!—and indeed it's another amazing coincidence how much the entire capitalist economy resembles in its basic structure either a Ponzi scheme or a bundle of Ponzi schemes.

Que garantizar la seguridad y la prosperidad de la gente fuera bueno para la economía era una sorpresa muy grata para ellos. ¿Quién iba a pensarlo?

And the unequal accumulation of wealth by the elites continued.

You always know economists are in deep shit when they start talking about trust and value. Usually when you say fundamentals to them they're like interest rates and price of gold.

I prefer to call it fiscal decapitation.

The picture is perfectly clear: the entire economy is fueled not by profit, not by production, but by debt. Debt, moreover, that no one is working on paying back and that everyone needs to believe—this is the pipe dream that sustains the whole charade—will certainly be paid by future generations.

having a bad reputation or none at all is a serious handicap for a state seeking to remain competitive in the international arena. The unbranded state has a difficult time attracting economic and political attention.

The U.S. economy and workers benefit from a strong, healthy relationship between government and business.

The U.S. - E.U. economic relationship dwarfs America's economic ties with China.

Whatever the Left touches-- the arts; the economy; health care; the soul; religion-- it destroys or damages

Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion.

...balance the budget ? Tax religion.

[T]he importance of piety and religion; of industry and frugality; of prudence, economy, regularity and an even government; all . . . are essential to the well-being of a family.

Banks are the temples of America. This is a holy war. Our economy is our religion.

Our banking system grew byaccident; and wherever something happens byaccident, it becomes a religion.