Quotes About Economy

One dollar at compound interest, at twenty-four per cent., for one hundred years, would produce a sum equal to our national debt. Interest eats night and day, and the more it eats the hungrier it grows. The farmer in debt, lying awake at night, can, if he listens, hear it gnaw. If he owes nothing, he can hear his corn grow. Get out of debt as soon as you possibly can. You have supported idle avarice and lazy economy long enough.

People try to live within their income so they can afford to pay taxes to a government that can't live within its income

Rising health care spending occurs because it is beneficial, not a burden on the economy.

Art tends toward balance, order, judgment of relative values, the laws of growth, the economy of living – very good things for anyone to be interested in.

Cultural Imperium' suggesting the idea of cultural hegemony such that what appears to be 'avant garde' and 'radical' is in fact intensely conservative and defined by the forces of economy and commodity trading which have absolutely no bearing on intrinsic value.

The onion is the truffle of the poor.

advances since 1970 have tended to be channeled into a narrow sphere of human activity having to do with entertainment, communications, and the collection and processing of information. For the rest of what humans care about—food, clothing, shelter, transportation, health, and working conditions both inside and outside the home—progress slowed down after 1970,

Chief among these headwinds is the rise of inequality that since 1970 has steadily directed an ever larger share of the fruits of the American growth machine to the top of the income distribution.

This paradox is resolved when we recognize that advances since 1970 have tended to be channeled into a narrow sphere of human activity having to do with entertainment, communications, and the collection and processing of information. For the rest of what humans care about—food, clothing, shelter, transportation, health, and working conditions both inside and outside the home—progress slowed down after 1970, both qualitatively and quantitatively. Our

Morris Kleiner has calculated that the percentage of jobs subject to occupational licensing has expanded from 10 percent in 1970 to 30 percent in 2008.

The new element in part III is the headwinds—inequality, education, demography, and debt repayment—that are buffeting the U.S. economy and pushing down the growth rate of the real disposable income of the bottom 99 percent of the income distribution to little above zero.

If the stock market continues to advance, we know that inequality will increase, for capital gains on equities accrue disproportionately to the top income brackets.

Between 1940 and 1970, output per person and output per hour continued to increase rapidly, in part as a result of three of the most important subsidiary spinoffs of IR #2—air conditioning, the interstate highway system, and commercial air transport—while the world of personal entertainment was forever altered by television.

The inexorable rise of inequality can be countered at the top by higher taxes on the highest earners who have captured so much more of the income pie than was true forty years ago. At the bottom, an increase in the minimum wage and an expansion of the earned-income tax credit can divert more of the economic pie to those in the bottom half.

El único tipo de infierno que puedo concebir —dijo Espíritu— es pasar por la eternidad sin que se formen nuevas conexiones; sin ver las cosas de forma nueva; sin divertirse por el absurdo de la economía, de la religión, de la ciencia, del arte. Todo es muy, muy divertido, si lo piensas bien.

unemployed people described "have been superannuated less by age than by newly invented machines.

We live in an industrial world with a globalized capitalist economy organized politically around nation-states . Finding a willing audience for even a mild critique of any of these foundational systems is not easy; suggesting that all three systems should be rethought in fundamental ways seems crazy.

In the disconnect between grievance and remedy, there is an astonishing muddle. Angry people vote for a seeming populist, and they get an autocrat whose policies and appointees make the economy even more tilted to the very rich. Trump's populism turns out to be a blend of spite, entertainment, jingoism—and alliance with corporations when it comes to actual policy. Yet in the absence of government policies to lean against the predations of the market, Trumpism fills the vacuum.

This chapter begins an inquest. The basic finding: the postwar bargain was built more on a convergence of circumstances than on durable, permanent changes. The bargain proved surprisingly fragile, once capitalists regained their normal, temporarily suppressed powers in a still-capitalist economy. This shift occurred both in national politics and in the new globalization.

The cure for capitalism's failing would require that a government would have to rise above the interests of one class alone.

As the citizens of the former Soviet Union are discovering to their consternation, a market system means the end of the long lines for bread that were a curse of life in a society of centralized command, but it also means the introduction of a line that did not exist formerly—namely, standing in line at employment offices, looking for work.

It was the best opportunity to invest. The economy was terrible. I just could not pass up these small deals.

Hawaii was just set to boom, and there were fortunes to be made.

Hace algún tiempo que el mundo gira en torno al dinero, ya no en torno a la historia.