Quotes About Economy

In God's economy, people don't stand on opposing sides of the conflict scale. People stand on one side and Satan stands on the other. When we dump hurt into one another's lives, we aren't leveling the conflict scale. We are just weighing down the people side of the scale and elevating the Satan side of the scale. Satan loves it when we do his work for him by dumping on each other.

In non linear systems-and the economy is most certainly nonlinear-chaos theory tells you that the slightest uncertainty in your knowledge of the initial conditions will often grow inexorably. After a while, your predictions are nonsense.

The waste of money cures itself, for soon there is no more to waste.

Beijing has organised for itself the best of all three worlds: First World armed power, Second World economic strength and Third World handouts.

The economy was in a shambles, despite Lenin's best efforts to fix it. So the Communist Party demanded that people look forward and remember that their own sacrifices would one day flower in the perfect society for their children or their children's children.

people were moving in droves into the city to get new manufacturing jobs. Apartments that once had housed a single family and their servants, surrounded by their comfortable settees, their ferns, and their china, now were broken up and subdivided, with each room housing a whole family.

Wages, in real terms, have been stagnant since the 1970s.

The rising tide lifts all the boats.

In the economies of late capitalism leisure displaces labor, consumption displaces production, and commodities become the instruments of leisure, identity, and social relations.

Every dollar released from taxation, that is spent or invested, will create a new job and a new salary.

Nice girl, dear boy. Oh . . . I shrugged. You know. Most attractive. Cheaper than central heating. I'm sure.

It is not so much that he is economical with the truth as that he lacks the normal understanding of it. For him truth is whatever serves the cause, and when he engages in what is commonly judged to be deception he is only anticipating the new world that he is helping to bring about .

Massive layoffs at financial firms. Banks refusing to lend while other banks were closing their doors. Congress chasing its tail. Obama blaming Bush. McCain/Palin blaming the Democrats.

Take any form of growth, from high-end gated communities to low-end shopping centers, fix up a slick brochure filled with half-truths, label it "economic development" with the promise of tax revenue and jobs, and elected officials reached for their rubber stamps.

The real determinant of society is hidden behind the state and the economy: it is the way in which our everyday activity is organised, the subordination of our doing to the dictates of abstract labour, that is, of value, money, profit. It is this abstraction which is, after all, the very existence of the state. If we want to change society, we must stop the subordination of our activity to abstract labour, do something else.

for the Byzantine Empire, absolute monarchy though it might be, ran its economy on socialist lines. Private enterprise was rigidly controlled: production, labour, consumption, foreign trade, public welfare, even the movement of population were all in the hands of the State. The consequence was a vast horde of civil servants, imbued by the Emperor with one overriding principle: to curb if not actually to destroy the power of the army.

Figure 1: The incidence of banking crises Source: Own calculations, based on the reported numbers of major bank failures in OECD economies, from Reinhart and Rogoff (2010)

People who applaud traders for providing liquidity to markets are often saying little more than that trading facilitates trading

Levy pantolonlar?n?n bulunduÄŸu semtte her köÅŸeba??nda bir bar var, bu da yöredeki maaÅŸlar?n ne kadar düÅŸük olduÄŸunun göstergesi.

Recurrent descent into insanity is not a wholly attractive feature of capitalism.

All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

Increasing values again brought increasing values. As with the canals and turnpikes, it was transportation, this time the railroads, that was the focus of the speculation. Here the horizons seemed truly without limit. Who could lose on what was so obviously needed?

the heavy load of debt incurred in the effort to obtain and retain control during the years of financial pillage and devastation.

Regulation and more orthodox economic knowledge are not what protect the individual and the financial institution when euphoria returns, leading on as it does to wonder at the increase in values and wealth, to the rush to participate that drives up prices, and to the eventual crash and its sullen and painful aftermath.