Quotes About Economy

Al final del mandato del presidente mexiquense, el país había descendido dos escalones del ranking de la economía mundial, situándose en el lugar 16. Y, en el Índice Global de Percepción de la Corrupción, México se instaló en el lugar 135, al lado de Honduras y Paraguay.

I don't think we're going to see the price of oil going down in the near future, that's the reality.

What is certainly clear is that again and again, countries, banks, individuals, and firms take on excessive debt in good times without enough awareness of the risks that will follow when the inevitable recession hits.

Bubbles are far more dangerous when they are fueled by debt, as in the case of the global housing price explosion of the early 2000s.

Of course, the problems of external default, domestic default, and inflation are all integrally related. A government that chooses to default on its debts can hardly be relied on to preserve the value of its country's currency.

In sum, historical experience already shows that rich countries are not as "special" as some cheerleaders had been arguing, both when it comes to managing capital inflows and especially when it comes to banking crises.

But highly leveraged economies, particularly those in which continual rollover of short-term debt is sustained only by confidence in relatively illiquid underlying assets, seldom survive forever, particularly if leverage continues to grow unchecked

The brutally relentless tactics of stall and defy, then stall and undermine—tactics that went on for at least four decades—left the United States with millions of citizens who lacked the education needed to be competitive in a global, technology-driven economy.

Somehow many have convinced themselves that the man who pulled the United States back into some semblance of financial health, reduced unemployment to its lowest level in decades, secured health insurance for millions of citizens, ended one of our recent, all-too-intractable wars in the Middle East, reduced the staggering deficit he inherited from George W. Bush, and masterminded the takedown of Osama bin Laden actually hates America.76

Now, in the twenty-first century, the sector of the U.S. economy that accounts for more than 50 percent of our sustained economic expansion, science and engineering, is relying on an ever-dwindling skilled and educated workforce. Whereas at one point, "about 40% of the world's scientists and engineers resided in the U.S.," according to Rodney C. Adkins, senior vice president of IBM, "that number [had] shrunk to about 15%" by 2012.133

Today St. Kitts is the only Leeward Island, of the Caribbean, that still grows sugar cane. However, sugar cane is very expensive to grow, harvest, and process. The fields are now state owned and the entire island crop is processed in one government-run factory. The dozens of sugar plantations, which had dotted the island, climbing from the shore up into the mountains, were gradually abandoned. In time, the handsome stone structures -- complete factories-- fell to wind, weather, and vandalism.

The golden rule of business is supply and demand. I venture to say that this is also the rule of happiness. When a balance is achieved between our desires and another's willingness to satisfy them, the result is a sympathetic, mutually rewarding relationship. (...) a thriving economy of love.' - character Mike Lambeth

But the 1890s may also count as the first time in human history when market manipulation during a climate crisis crashed the world economy.

regulate interest rates charged on bank loans.98

I feel that my father's greatest legacy was the people he inspired to get involved in public service and their communities, to join the Peace Corps, to go into space. And really that generation transformed this country in civil rights, social justice, the economy and everything.

The strongest bank in the United States will last only so long as the people will have sufficient confidence in it to keep their money there.

In a free economy, a high degree of apparent randomness does not mean actual randomness. An apparently random pattern is evidence not of purposelessness but of an entrepreneurial economy full of creative surprises.

In the United States, unmoored Markovian money can be manipulated at will by the Federal Reserve in the interests of its sponsors in government and their pseudo-private cronies.

Enforced by genetics, sexual reproduction, perspective, and experience, the most manifest characteristic of human beings is their diversity. The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes—governments, monopolies, regulators, and elite institutions—all attempting to quell human diversity and impose order. Thus power always seeks centralization.

Traditionally the haven currency was the U.S. dollar, but since early 2018—from Greece to Venezuela, from Argentina to Zimbabwe—the haven has increasingly been bitcoin.

Ever since the millennial crash, the United States has been buffeted by currency shocks, interest-rate gyrations, and financial device bubbles. Government fashions move "investment" from real estate consumption to climate distractions. It was technology alone that saved the world economy.

Republicans have been running on tax-cut proposals since the era of Harding and Coolidge. Tax-rate reductions and simplifications are urgently needed. But again, there is no mention of the key problems of a global economy in decline—of the acceptance by economic elites of inevitable and irremediable stagnation. We have not faced the fact that the Federal Reserve's capacity to command growth is a god that has failed.

Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge of the real dangers and opportunities.

Oil-futures trading has risen by a factor of one hundred in some three decades, from 10 percent of oil output in 1984 to ten times oil output in 2015. Derivatives on real estate are now nine times global GDP. That's not capitalism, that's hypertrophy of finance.