Quotes About Economy

All the structural problems that economists had warned about coalesced after 1973–74 to jolt American life. These included sagging productivity, declining competitiveness in world markets, accelerating inflation, rising unemployment, especially among minorities and the millions of baby boomers now seeking work, and a slowing down in the creation of good-paying, career-enhancing jobs outside of the increasingly dominant service sector.35

But the sluggishness of the economy widened the gulf between grand expectations and the real limits of progress, undercutting the all-important sense that the country had the means to do almost anything, and exacerbating the contentiousness that had been rending American society since the late 1960s. This was the final irony of the exciting and extraordinarily expectant thirty years following World War II.

When I was a young writer, I liked to imagine that I was paying someone for every word I wrote, rather than being paid for it; it was a fine way to discipline myself to use only those words I needed.

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. —ABRAHAM LINCOLN1

Nevertheless, economic historians agree that the first Industrial Revolution was the most important event in the history of humanity since the domestication of animals, plants, and fire.

would be to rejoin the Paris Agreement and recommit to building a healthier economy and planet. Sixty-one percent of Americans age eighteen to twenty-nine—who made up almost one-fifth of the electorate—would vote for Biden.

Adding and Dividing Work Ancient people seem to have understood perfectly well that economic life is a matter of adding new goods and services. But instead of seeing the logic and order by which this happens, they saw magic. Important activities had been given to men or taught to men in remote times by gods; they had been stolen from gods; they had been brought along, like a trousseau, by demigod progenitors of people.

Is it not possible for the economy of a city to be highly efficient, and for the city also to excel at the development of new goods and services? No, it seems not. The conditions that promote development and the conditions that promote efficient production and distribution of already existing goods and services are not only different, in most ways they are diametrically opposed

Artificial symptoms of prosperity or a "good image" do not revitalize a city, but only explicit economic growth processes for which there are no substitutes.

In city downtowns, public policy cannot inject directly the entirely private enterprises that serve people after work and enliven and help invigorate the place. Nor can public policy, by any sort of fiat, hold these uses in a downtown. But indirectly, public policy can encourage their growth by using its own chessmen, and those susceptible to public pressure, in the right places as primers.

I know that the Federal Reserve vault holds more gold than Fort Knox. Fort Knox only holds about four thousand six hundred tons of gold. The Federal Reserve vault holds approximately seven thousand. That's a lot of gold.

The arithmetic makes it plain that inflation is afar more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital.

It may be a truism that the country cannot be strong abroad unless it is strong at home, but it's also a fact that the country's economic prosperity depends on its security abroad - not only in the core of the liberal democratic world but often well beyond it, too.

Austerity is literally a matter of life and death. Unless it is stopped, lives will continue to be unnecessarily shortened.

I've never heard an agency say, 'Unless you industrialize I will not support you'.

The South African government, unlike a lot of African governments, isn't poor.

Unlike fuel-economy standards, the most common method of reducing demand for oil over the past thirty years, a gas tax doesn't tell people what kind of car to drive. It simply raises the price of gasoline and lets people adjust their behavior accordingly.

Unlike the federal government, most states don't have the option of running a deficit.

Unlike many of its European neighbors, Britain shares many of America's financial traits.

The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.

Unlike the American inventions and achievements that have expanded horizons of possibility, our nation's tax code has become an excessive burden that strangles individual opportunity and economic freedom.

For a country like India, which, unlike China, has domestic market for which manufacturing happens, manufacturing also happens for export.

In India, unlike in the United States and Australia, agriculture is not just a food producing enterprise but also the backbone of the livelihood security of nearly 60 per cent of the population.

At the highest stage of capitalism, the most necessary revolution appears as the most unlikely one.