Quotes About Economy

Money is, with propriety, considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions.

The economy is not removed from the way you live out your private life.

Gaining money by my industry and frugality, I lived very agreeably. . . .

[Voters] are trying to make up their mind on who has a better plan for the economy, whose presidency would more positively impact my life?

Lyndon Johnson believed the poor deserved a better life than the economy was providing them. He thought private power and greed had to be checked by a vibrant democracy.

The push for us to throw perfectly good things away and buy new things to replace them so that somebody else can get rich--an idea that goes against our own basic instincts and common sense--still holds us in thrall. We are married to a disposable economy dependent on waste.

Garbage has become one of the most accurate measures of prosperity in twenty-first century America and the world.

present depressed state of the market for diamonds was "the result of the economy, changes in social attitudes and the promotion of competitive luxuries.

Since the publicity campaigns for these blockbusters have proven effective in the popcorn economy, studios recycle their elements into endless sequels, such as those for Spider-Man, Pirates of the Caribbean, Shrek, and Mission Impossible, which then become the studios' franchises on which they earn almost all their profits.

Big business will still leave room for small business.

The new competition is probably keenest in the food industries because we have a very real limitation on what we can consume—in spite of higher incomes and higher living standards, we cannot eat more than we can eat.

Shiny new real estate may dress up a declining city, but it doesn't solve its underlying problems. The hallmark of declining cities is that they have too much housing and infrastructure relative to the strength of their economies. With all that supply of structure and so little demand, it makes no sense to use public money to build more supply. The folly of building-centric urban renewal reminds us that cities aren't structures; cities are people.

Between 1950 and 2008, Detroit lost over a million people—58 percent of its population. Today one third of its citizens live in poverty. Detroit's median family income is $33,000, about half the U.S. average. In 2009, the city's unemployment rate was 25 percent, which was 9 percentage points more than any other large city and more than 2.5 times the national average. In

Today, the US median income is still below where it was at the beginning of this century.

All of America's new jobs have been generated by independent work, which has risen by 7.8 per cent a year.65 The next time an economist boasts about America's low unemployment rate, remember that number means something very different from what it used to.

All of America's new jobs have been generated by independent work, which has risen by 7.8 per cent a year.65

In its study of the future of work, the laissez-faire Baker Institute admitted it had been 'unable to find any solutions based on the free market'.

The world's elites have helped to provoke what they feared: a populist uprising against the world economy.

Older societies are also less likely to launch businesses. The rate of start-ups in America has been dropping for years and is beginning to rival Europe's less entrepreneurial pace.

Much like the giant sucking sound of London hoovering up the UK's talent, Chicago now takes the best and the brightest from the small towns of America and plugs them into the global economy. Chicago's success is no longer symbiotic with its rural neighbours. It comes at their expense. Like London, Chicago's erstwhile middle classes also find it increasingly hard to keep up with rising costs. As

In the West we spend half our time fretting about low-skilled immigrants. We should be worrying at least as much about high-skilled offshoring.

All of America's new jobs have been generated by independent work, which has risen by 7.8 per cent a year.65 The next time an economist boasts about America's low unemployment rate, remember that number means something very different from what it used to. This is not your parents' economy.

the Toil Index – the number of working hours it takes a median worker to pay the median rent in one of America's big cities. In 1950 it took forty-five hours per month. A generation later it had edged up to fifty-six hours. Today it takes 101 hours.

The new economy requires consumers with spending power – just as the old one did. Yet much like the farmer who eats his seed corn, Big Data is gobbling up its source of future revenue.