Quotes About Economy

son of the steward." As the nicknames make clear, we don't like to spend a lot of money. But we don't economize just for the sake of skimping.

The politicians say "we" can't afford a tax cut. Maybe we can't afford the politicians.

The real cause of the beginning of the Great Depression was the Smoot-Hawley Tariff Act. This shocking and totally unprecedented legislation ended up imposing an average 60 percent tax on more than 3,000 import items. It was the equivalent of exploding a bomb that devastated the global trading system.

How do you end inflation? The good news is that a nation doesn't need tax hikes, super-high interest rates, horrible recessions—or even fishing restrictions. The way to do it, very simply, is to stabilize the value of money. How to achieve this? When a currency begins to slide, the first step should be for a government to publicly declare its intention to support its money, i.e., maintain its value. The way to do so is, very simply, by shrinking the monetary base.

What made him mad was the constant drumming on CNN, telling everybody that the economy was just fine. The news media, or whatever they were calling themselves these days, had become nothing but a mouthpiece for the federal government, parroting press releases from the White House. If the president took a crap in public, they'd report that he shit gold bricks. If

There is nothing so disastrous as a rational investment policy in an irrational world.

The competitiveness of the world economy is such that mean reversion reigns, so you should buy the guys who are underperforming. Some of them will go bankrupt but many of them will come back up to the mean. Many of the growth stocks will also pull back to the mean as those who are great will become mediocre and those who are mediocre will become better.

Financial crises are like fireworks: they illuminate the sky even as they go pop.

Dark economic clouds are dissipating into an emerging blue sky of opportunity.

In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.

Alternative services would mean that there would be services available to compete with Google, Facebook, Amazon, Dropbox, Skype, etc., and they would be run by companies not based in the U.S.A. The rest of the world has simply failed in being able to compete with them, and we really should be doing better here.

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

Look at trade and automation: two competing but slightly overlapping forces in the shrinking of the duration of jobs right now. We have to be able to talk honestly about how disrupted this world is going to be, and it is crazy to mislead people and say we're going to bring back all of the big factory jobs by creating a protectionist regime.

Most of the folks to whom I listen are concerned for their future. Too many of them know someone who's out of work, has lost their own job, or fear they might. And, they increasingly believe that the opportunity for a better life for their children is slipping away.

In Indiana, Made-in-America is more than a slogan: More Hoosiers are employed in manufacturing than in any other industry.

It's impossible for China to keep 10 to 15% growth annually. The economy needed to slow down, and we have to learn to slow down.

When the developed grow fast, the developing grow fast, and when the developed slow down, the developing slow down.

Saving was slow and painful.

Many writers, including myself, have detailed how irresponsible government actions slow economic recoveries. Similar behavior by individuals impedes growth, too. If you can't find someone reliable to do a deal with, you simply don't do the deal at all.

Industry is extremely slow in readjusting itself to the manufacture of modern consumer goods.

Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far better than it was in 2011.

But let no one be under any doubt that the scale of the challenge that Europe faces in this emerging global economy is immense and the practical pace of our collective action to meet these challenge to date has just been too slow.

We're in a tightening cycle and the reason is the economy is growing, there's no expectation that the global economy and the Polish economy as a consequence could slow down dramatically.

From the Left comes the proposition that, given the slow economy, we should defer attending to the problem of mounting obligations - and the truly delusional idea that growing federal debt doesn't matter because we owe most of it to ourselves.