Quotes About Economy

The paper currency was depreciating rapidly. Hence, for the first time, Hamilton began to fiddle with ideas for creating a national bank, through a mixture of foreign loans and private subscriptions.

Regulation did not inevitably harm business but could also aid it.

he mostly hoarded his money in preparation for the next panic.

During one ghastly period in 1779, the continental dollar shed half its value in three weeks.

What a blessing the oil has been to mankind!

What the American economy needed instead were new cooperative forms (trusts, pools, monopolies) that would restrain grasping individuals for the general good.

He endorsed the dollar as the basic currency, divided into smaller coins on a decimal basis. Because many Americans still bartered, Hamilton wanted to encourage the use of coins. As part of his campaign to foster a market economy, Hamilton suggested introducing a wide variety of coins, including gold and silver dollars, a ten-cent silver piece, and copper coins of a cent or half cent.

but as John D. Rockefeller set about building his fortune, the absence of clear-cut rules probably aided, at first, the creative vigor of the new industrial economy.

Thanks to Washington and Hamilton, the American economy flourished; thanks to Adams, the Quasi-War with France had receded to a memory. Inheriting domestic prosperity and international peace, Jefferson benefited from exceptional good fortune as America settled down for the first time since the Revolution.

Then it dropped 400 points on a single trade.

Had the action not been taken, more than half the brokerage houses on Wall Street might have gone belly-up.

It came about not because bankers were strong but because companies were still weak.

Perhaps no other American industry had such an export outlook from its inception.

Unable to curtail his free-handed spending and with his crops faring poorly, he started out 1786 with a paltry eighty-six pounds in cash.

At best, Henry had only slowed an inevitable, history-shaping pandemic. Governments would fall. Economies would collapse. Wars would arise. Why did we think that our own modern era was immune to the assault of humanity's most cunning and relentless enemy, the microbe?

Americans already believed Carter was wasting too much time on the Middle East when there were more pressing problems at home. The country was experiencing double-digit inflation coupled with high unemployment and anemic growth—a confounding phenomenon tagged "stagflation." As for the president's job performance, the two dreaded lines on the graph finally crossed in the spring of 1978, with more Americans disapproving

Larry Kudlow, the president's chief economic adviser, had been questioning the seriousness of the situation. He couldn't square the apocalyptic forecasts with the bouyant stock market. "Is all the money dumb?" he wondered. "Everyone's asleep at the switch? I just have a hard time believing that."*

Waste not, want not, make do and mend, don't make an exhibition of yourself.

require prints. Banks, retailers, people

Waste not, want not, make do and mend, don't make an exhibition

What else can be bought and sold unobtrusively and is worth that much? Diamonds, maybe, but they're in Antwerp, not Hamburg. Drugs, maybe, but no American has a hundred million dollars' worth ready to ship. That's South and Central America. And Afghanistan has poppies of its own.

The rich are getting richer and the poor are getting poorer, and that's good news for the bodyguard business.

It seems that in the United States the one thing you can count on is that even during a depression, the rich get richer.

capitalism does live by crises and booms, just as a human being lives by inhaling and exhaling.