Quotes About Economy

I'm not yet convinced that we will face an unemployment problem created by AI. There will certainly be some occupations eliminated - drivers of vehicles, many production jobs, etc. Whether this creates mass unemployment depends on how quickly this happens. If it happens overnight, it will be a huge disruption.

In turning from the smaller instruments in frequent use to the larger and more important machines, the economy arising from the increase of velocity becomes more striking.

Most people hoard their money - just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.

The issue is, you're not going to have a lot of inflation showing up when you have no velocity.

What people really haven't thought about with real estate is, if you get tax reform, you're going to see real estate now... the velocity of selling and buying real estate will just kick.

Here's a startling fact: in the 45 years since the introduction of the automated teller machine, those vending machines that dispense cash, the number of human bank tellers employed in the United States has roughly doubled, from about a quarter of a million to a half a million.

One third of the economy goes through 'QuickBooks' in terms of businesses invoicing other businesses. Each invoice contains a connection between vendors, suppliers, and customers, and also the price of that connection. Representing the payment graph is huge opportunity and something no other company can do.

We import a lot of oil, particularly to eastern Canada, from Saudi Arabia, Kazakhstan, Venezuela, a lot from the U.S. So if we're looking at how do we phase out fossil fuels in the period in which we're phasing them out, let's only use Canadian.

In my 40-plus years as a venture capitalist, I have come to appreciate the certainty a healthy economy provides for businesses both large and small.

Everyone in the tech business, from Kleiner Perkins venture capitalist John Doerr on down, says that the ruination of the industry, if not the entire country, will come from the inability to hire more brainiacs from countries like China and India.

I remember in 2007, 2008, when we had the recession, there were all of these very gloomy emails sent from a lot of venture capitalists, saying, Don't expect to get funded.'

President Obama's assault on the free-enterprise market and venture capitalists is anti-American and shows his greatest insecurity: his lack of private sector experience and his inability to understand the economy and help businesses thrive in these uncertain economic times.

Finance is critical. If sufficient investment is made in infrastructure and venture capital is made available, there will be a big improvement in the situation.

There is no country in the world where it's as easy to find venture capital in the stock market as the United States.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

When you - when you - and this is still going on today - are making your money by pushing paper around, when you should be making your money by investing venture capital in various job-creating things, that makes it much harder to recover.

There's almost too much venture capital in India - there are issues with seed capital, but for venture capital, there's a lot money chasing deals here.

The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital... the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.

Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means.

An economy open to new concepts and novel ventures is bound to generate unequal gains.

Dubai's world class physical infrastructure has already established it as a major player in terms of trade, tourism and as the leading conference and exhibition venue in this part of the world.

It's not a small thing, it's a pandemic, but economically we should not be in this position that we are this fragile as an industry. We don't go racing for three months and we are on the verge of collapsing, which is amazing.

We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.