Quotes About Economy

not only is the structure of the modern economy inaccessible to ordinary consumers, it can be inaccessible to the people setting public policy. Often, it's beyond the CEOs in relevant industries (AIG sank in part because executives did not understand its own financial products).

The amount of new lending was mind-boggling: between 2003 and 2005, outstanding mortgage debt in America grew by $3.7 trillion, which was roughly equal to the entire value of all American real estate in the year 1990 ($3.8 trillion). In other words, Americans in just two years had borrowed the equivalent of two hundred years' worth of savings.

It's hard to overstate how utterly mad it is for a Fed chairman in the age of the global economy to claim that a weak currency only affects tourists. It's a little bit like saying a forest fire only really sucks if you're a woodpecker.

But in more than a few cases, you can draw a straight line from a cop being laid off or a union worker having his or her pension slashed back to the week of 2008 when a handful of Lehman executives took a payoff to mark down their own inventory.

Two goals in a Maoist economy are to keep people working whether their job is necessary or not (idleness is the bourgeoisie's workshop) and to make sure everyone is keeping an eye on everyone else.

A limitless supply of cheap labor might build you a new city every year, but it ultimately just makes you the factory floor for other countries' companies.

As the final decade of the millennium dawned, there would be no greater expression of the cultural, economic, and social revolutions to come than fashion. What rock 'n' roll was to the '50s, drugs to the '60s, film to the '70s, and modern art to the '80s, fashion was to the '90s: the fuse, then the filter.

At present, the development of industrial society here is marked by extraordinary disorder. Capitalism haphazardly extends its giant branches, puts the economies of nations at the mercy of dominant industries which choke their towns and highways, and destroys the classical forms of the human establishment. At all levels immense problems appear; not just techniques but political forms, motives, a spirit, reasons for living need to be found.

think tank New American Economy estimates that though 8 million undocumented workers contributed about $13 billion in payroll taxes in 2016, they generally cannot claim Social Security benefits.

job losses generate should be mostly directed at technological change, not immigration

Health reform is an essential part of restoring America's economy and maintaining our competitiveness.

2018 the debt was more than $21 trillion—and climbing, largely because of the spending increases and tax cuts passed by Republicans like Ryan. In 2017 Republicans in Congress approved, on a party-line vote, a tax bill that is projected to add $1.9 trillion to the debt. This was a far cry from the 1986 tax reform act, passed under Ronald Reagan, which was revenue neutral.

one study found that 88 percent of the loss of US manufacturing jobs between 2006 and 2013 was due to automation and related factors),69 it is easy to blame trade with other countries for hollowing out industrial towns and throwing workers onto the unemployment line.

Contrary to widely accepted myth, the German war economy was a shambles. It is frightening to contemplate the consequences had it been otherwise.

Para nosotros, un acto de economía "capitalista" significa un acto que descansa en la expectativa de una ganancia debida al juego de recíprocas probabilidades de cambio; es decir, en probabilidades (formalmente) pacíficas de lucro.

It is certain that there can be no work in political economy on any other than an altruistic basis... If our work is to retain any meaning it can only be informed by this: concern for the future, for those who will come after us.

A number of those sections of the old Empire which were most highly developed economically and most favored by natural resources and situation, in particular a majority of the wealthy towns went over to Protestantism in the sixteenth century The results of that circumstance favor the Protestants even today in their strug gle for economic existence.

The ability of mental concentration, as well as the absolutely essential feeling of obligation  to one's job, are here most often combined with a strict economy which calculates the possibility of high earnings, and a cool self-control and frugality which enormously increase performance.

Thus, increases in interest rates matter greatly for the economy as a whole. They not only cause direct reductions in investment spending and interest-sensitive consumption spending (the main intent of restrictive monetary policy), but they also may reduce aggregate demand indirectly through their impact on asset prices.

Countries that have strong pre-crisis macroeconomic metrics, rich natural resources and export-based industries have stronger recovery prospects from economic crisis.

Countries that have strong pre-crisis macroeconomic metrics, rich natural resources and export-based industries have stronger recovery prospects. Strong budgets allow the government to stimulate the economy with less debt burden. Exports play a significant role in supporting a stable interest rate and ex-change rates thus renewing investors confidence and recovery.

Countries that quit producing real products, spend more than they produce, lag in education, burden their middle class with higher taxes, and continue to import billions from other countries, bail out failed businesses and reward bad behavior instead of investing in good businesses, will eventually lose their leadership and wealth

Globalization of markets, competition, partnerships and risks should carry far more weight in the designing of strategic national development plans. It is not enough to think about government budgets anymore, you need to build your economy and businesses for global markets and competition

One main reason the US has been able to prevent its currency and economy from collapsing, despite the latest wars, huge debt and massive currency printing, is because the dollar is the de-facto standard for international trade and reserve currency.