Quotes About Economy

President Obama keeps telling us that he is "creating jobs." But more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many people have stopped looking for jobs. You are only counted as unemployed if you are still looking for a job.

Although the word 'economy' may bring the term money to the minds of many, the truth is that for the whole of society money is nothing more than an artificial instrument that allows real things to be done, otherwise , the government could make us all rich simply by printing more bills. It is not money but the volume of goods and services that determines whether a country is poor or prosperous.

The traditional fixed-rate 30-year mortgages, which were once a majority of all mortgages, were no longer a majority during the housing boom, as ARMs and other "creative" ways of financing the purchase of a home grew rapidly to cope with soaring housing prices. Such innovative mortgages quickly went from being rare to becoming common, especially in places with very high housing costs.

People who have acquired academic degrees, without acquiring many economically meaningful skills, not only face personal disappointment and disaffection with society, but also have often become negative factors in the economy and even sources of danger, especially when they lash out at economically successful minorities and ethnically polarize the whole society they live in.

At the heart of the industrialization process was iron and steel, and Britain was pre-eminent in their production.

While years of education are often used as a rough proxy for human capital in general, not only is much human capital gained outside of educational institutions,[...]some education even produces negative human capital, in the form of attitudes, expectations, and aversions that negatively impact the economy.

What actually followed the cuts in tax rates in the 1920s were rising output, rising employment to produce that output, rising incomes as a result and rising tax revenues for the government because of the rising incomes, even though the tax rates had been lowered.

massive role of government in the economy has made politics the pre-eminent route to prosperity, as well as power-whether for individuals, tribes, or regions.

For most of the period of the boom, only Moody's, Standard & Poor's and Fitch were recognized by the SEC. It was not the particular choices of rating-agencies selected by the SEC that is in question but the policy of giving those agencies a captive market.

France had the intellectual foundations for modern industry without the commercial and financial complements.

Britain was overtaken not only in gross output but also in output per worker. It lost its lead in technological innovation.

1914, the coal mines in Wales employed more than a quarter of a million people and supplied approximately one third of the world's coal exports.

When laws and policies make honesty increasingly costly, then government is, in effect, promoting dishonesty. Such dishonesty can then extend beyond the particular laws and policies in question to a more general habit of disobeying laws, to the detriment of the whole economy and society.

Economists who looked at the real consequences of a centrally planned economy came to a very different conclusion: that there are too many economic relationships, and it is impossible to take them all into account and carefully coordinate them.

In 21st century China, seven times more energy is used than is used in Japan to produce products of the same value. In this case, the gigantic differences in efficiency have also meant gigantic differences in the standard of living of millions of human beings.

Given the scarcity of mental resources, an economy in which knowledge and vision have such a decisive advantage in market competition is an economy that has great advantages in creating a high standard of living for the general population. A society in which only members of a hereditary aristocracy, a military junta or a single political party in power can make great decisions is a society that wastes much of the knowledge, vision and talent of the majority of its members. own people.

Las personas cometen errores en todos los ámbitos del emprendimiento humano, pero cuando se cometen grandes errores en una economía competitiva, aquellos que estuvieron equivocados pueden ser forzados a salir del mercado por las pérdidas resultantes.

La quiebra es parte del ciclo natural de los negocios. Las empresas nacen, mueren y el capitalismo continúa. Revista Fortune

El sistema económico del libre mercado es comúnmente considerado un sistema de lucro, pero en realidad se trata de un sistema de ganancias y pérdidas, y las pérdidas son tan importantes como el lucro para la eficiencia de la economía, porque informan a los productores de lo que deben dejar de hacer, de lo que deben dejar de producir, de dónde deben dejar de asignar recursos, de en qué deben dejar de invertir.

enabling Germans to become major producers of steel and with it one of the leading industrial powers of the world.

We are the only species on the planet without full employment. Brilliant. We have an economy that tells us that it is cheaper to destroy Earth in real time than to renew, restore, and sustain it. You can print money to bail out a bank, but you can't print life to bail out a planet. At present we are stealing the future, selling it in the present, and calling it "gross domestic product.

But the dollars spent on economic incentives and new investment strategies are wasted unless we seriously address the two most important economic issues in Kansas: education and health care.

We have by far the most expensive health system in the world. We spend 50 percent more per person than the next most costly nation. Americans spend more on health care than housing or food.

Recent research has found that when a new Walmart opens in a community, it causes an overall loss in jobs in that community