Quotes About Economy

The Internet of Things is not a capitalist marketplace. It's a new platform for radically broadening digital activity.

All workable standards of wealth had vaporized, digitized, and vanished into a nonstop hurricane of electronic thin air.

But the economy's out of control. Money just doesn't need human beings anymore. Most of us only get in the way.

Take away America's money, and you've got a country of tribes.

In my opinion, the key internal element in Rome's success or failure was the economic well-being of its taxpayers. This was because the empire relied for its security on a professional army, which in turn relied on adequate funding.

The almost total disappearance of coinage from daily use in the post-Roman West is further powerful evidence of a remarkable change in levels of economic sophistication.

For God's sake, be economical with your lamps and candles! not a gallon you burn, but at least one drop of man's blood was spilled for it.

and cleared, one week with another, about ten shillings:

Protect and preserve your core customers, he [Jim Sinegal, cofounder and CEO of Costco] told our marketing team when I invited him to speak to us. The cost of losing your core customers and trying to get them back during a down economy will be much greater than the cost of investing in them and trying to keep them.

In an economic system not rationally planned for human need, but developing fitfully, chaotically out of the profit motive, there seemed to be no way to avoid recurrent booms and slumps.

blood tribute paid by labor to capitalism

The business of America is business,' said Calvin Coolidge

We are turning into a nation of whimpering slaves to Fear—fear of war, fear of poverty, fear of random terrorism, fear of getting down-sized or fired because of the plunging economy, fear of getting evicted for bad debts or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer.

Look what happened the last time a Republican president tried to fix a doomed national economy. Remember Herbert Hoover?

An army is a vital national institution but a nation is more than its army. It needs a vibrant economy, an educated and competitive workforce, as well as intellectual and scientific curiosity and creativity.

A capitalist economy cannot be maintained, however, if it oscillates between threats of an imminent collapse of asset values and employment and threats of accelerating inflation and rampant speculation, especially if the threats are sometimes realized. If the market mechanism is to function well, we must arrange to constrain the uncertainty due to business cycles so that the expectations that guide investment can reflect a vision of tranquil progress.

Pollution, corruption, economic problems—there would be enough reason to fear for developing countries even if the coming tech disruption weren't expected.

In 2018, it's still too soon to know whether the tech revolution will kill more jobs than it creates.

Another factor that's likely to exacerbate inequality: next-generation automation. The technological revolution in the workplace has only just begun. A 2017 study published by the Institute for Spatial Economic Analysis found that nearly every major American city will see half of its current jobs replaced by robots by 2035.

Around the world, tougher economic times make governments less popular. In response, political leaders then spend too much money, including on subsidies.

I wouldn't be surprised if in fifty years' time we have not totally exhausted the gold content of the earth!

Between 1940 and 1943, Britain tripled its war production; Germany and Russia doubled theirs; and Japan increased its war production fourfold. In that three-year period, the United States multiplied its war production by twenty-five times.

If we can come up with innovations and train young people to take on new jobs, and if we can switch to clean energy, I think we have the capacity to build this world not dependent on fossil-fuel. I think it will happen, and it won't destroy economy.

The need to encourage entrepreneurship and ensure that young people have the opportunity to start new businesses is acute.