Quotes About Economy

It may be that Hamilton's preference for a diversified economy of manufacturing and agriculture originated in his youthful reflections on the avoidable poverty he had witnessed in the Caribbean.

Endorsing still another form of government activism, Hamilton claimed that nothing had assisted Britain's industry more than its network of public roads and canals. He therefore touted internal improvements—what we would today call public infrastructure—to meld America's scattered regional markets into a single unified economy.

To the dismay of critics, Standard Oil and other trusts fared quite well during the prolonged downturn.

That is, the man who would be rich must be thrifty.

The 1907 panic would be the last time that bankers loomed so much larger than regulators in a crisis.

It means disaster to the country, financial depression, and chaos.

If education depended upon healthy tax rolls, then they would lift the entire tax base of the South.

when it came to the parallel economic upheavals of the period—the industrial revolution, the expansion of global trade, the growth of banks and stock exchanges—Hamilton was an American prophet without peer. No other founding father straddled both of these revolutions—only Franklin even came close—and therein lay Hamilton's novelty and greatness.

They loaned out so much against stocks and bonds that by October 1907 as much as half the bank loans in New York were backed by securities as collateral—an extremely shaky base for the system.

You can't tax business. Business doesn't pay taxes. It collects taxes.

Government always finds a need for whatever money it gets.

Unemployment insurance is a pre-paid vacation for freeloaders.

Fascism was really the basis for the New Deal. It was Mussolini's success in Italy, with his government-directed economy, that led the early New Dealers to say But Mussolini keeps the trains running on time.

governments don't produce economic growth people do.

The problem is not that people are taxed too little, the problem is that government spends too much.

But our strategy for peace with freedom must also be based on strength—economic strength and military strength.

Part of the difficulty in accepting the good news about trade is in our words. We too often talk about trade while using the vocabulary of war. In war, for one side to win, the other must lose. But commerce is not warfare. Trade is an economic alliance that benefits both countries. There are no losers, only winners; and trade helps strengthen the free world.

Capitalism lures us onward like the mechanical hare before the greyhounds, insisting that the economy is infinite and sharing therefore irrelevant. Just enough greyhounds catch a real hare now and then to keep the others running till they drop. In the past it was only the poor who lost this game; now it is the planet.

That Roman Peace was designed to last forever. When Diocletian perfected it, its economy was so thoroughly planned and so well administered that farmers could no longer farm nor workers work, and Government took care of them on the relief that taxes provided, until the increasing taxes pushed so many farmers and workers onto tax-supported relief that there was not enough productive energy left to pay the taxes, and the Roman empire with its world peace collapsed into the Dark Ages.

Since Government's planned economy has always kept people poor, the almost static living conditions through all Old World history seem to verify the pagan belief in a static universe. All Old World thinking about economics assumes that wealth cannot be increased, but must be divided.

Global environmentalists have said and written enough to leave no doubt that their goal is to destroy the prosperous economies of the world's richest nations.

There's no such thing as a free lunch.

In this century history stopped paying attention to the old psychological orientation of reality. I mean, these days, character isn't destiny any more. Economy is destiny. Ideology is destiny. Bombs are destiny. What does a famine, a gas chamber, a grenade care how you lived your life? Crisis comes, death comes, and your pathetic individual self doesn't have a thing to do with it, only to suffer the effects.

In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic growth is a spectator sport.