Quotes About Economy

In America, you keep on hearing productivity is low; secular stagnation, it's a new normal. It's just not true: We've had multiple wars; we're not educating our kids. We had government shut downs, badly-spent money, failures in the health system, failures and an extreme amount of regulation - that's why we're going slow.

An overview of all wars since the establishment of the Bank of England in 1694 suggests that most of them would have been greatly reduced in severity, or perhaps not even fought at all, without fiat money.

The greatly increased consumption of alcoholic beverages is very largely a direct result of the increased purchasing power created by wartime expenditures.

Some big banks remain wary of venture capital.

People would like better batteries but they are wary of making investments. What is required is both a technology push and a market pull.

A P2P business is a company that creates a platform which allows individuals or 'peers' to directly buy and sell from each other. This activity has sometimes been called the 'sharing economy.' Some are wary of these new companies and the challenge they pose to the established market.

The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.

The big part of coffee production in many rural areas is in the hands of women. It's women who work in the fields. They harvest the coffee. They wash the coffee. They take the coffee to the market. But when the coffee gets to the market, it's the man who cashes in the money for the crop.

A successful argument for a government manufacturing policy has to go beyond the feeling that it's better to produce 'real things' than services. American consumers value health care and haircuts as much as washing machines and hair dryers.

You know people talk about federal money as if it falls from heaven. You know we thank heaven for it, but it came out of people's pockets - and I've driven all over Washington, D.C., I cannot find the money tree.

Historically, if you look at people like George Washington and Thomas Jefferson, people with disposable incomes have always been agricultural innovators.

People have no confidence that Washington, both sides of aisle, are coming together to try and do what's right for the economy.

When I look at Washington today, we need to bring us together. We need to solve problems, we need to rebuild our military so we can stand up to radical Islam, we need to get our economy growing much faster by throwing out the corrupt tax code and lowering the rates.

String Fever was hanging by a thread anyway in the uncertain economy.

As the foundations of Country's economy become increasingly rooted in digital technologies, Cyber Security would become top priority at national level.

India is becoming a large middle income country, too complex and varied to be controlled centrally. The government will need to withdraw from occupying the commanding heights of the economy, confining itself to providing public goods and the governing framework, and leaving economic activity to the people.

The Indian public would benefit from more competition between banks, and banks would benefit from more freedom in decision making.

developing countries typically have higher inflation, and developing countries also have higher growth.

Finally, the people in industrial democracies, engaged in their communities and thereby organized socially and politically, enforce the necessary separation between markets and the state through their democratic voice. They do so because they want sufficient political and economic competition that the economy does not descend into authoritarianism or cronyism.

By focusing only on jobs and inflation—and, in effect, only on the former— the Fed behaved myopically, indeed politically.

As economist Alan Blinder has argued, all impersonal services that can be delivered electronically at a distance, with little or no degradation in quality, are potentially vulnerable.16 What will be harder to replace are human creativity, customization, and human empathy.

When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America's bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.

A creative economy is the fuel of magnificence.

Doing well is the result of doing good. That's what capitalism is all about.