Quotes About Economy

One idea Daniel proposed was unusual: The United States and NATO should publicly announce a giant "cyber exercise" against a mythical Eurasian country, demonstrating that Western nations had it within their power to shut down Russia's entire civil infrastructure and cripple its economy.

Bhutanese believe that economic development should never come at the cost of their people's happiness. Therefore, in every trade deal the government enters into (for example, the sale of hydroelectric power to neighboring India), culture is valued more than cash.

shifting our focus from maximizing GDP to creating a labor market conducive to the dignity of work and social cohesion.

Global supply chains, capital flows, and the cosmopolitan identities they fostered made us less reliant on our fellow citizens

There is striking evidence—now gathered and acknowledged by the OECD and IMF—that economies with more equal distributions of income and wealth have stronger and more stable economic growth than those with greater inequality.56 Redistributive policies which reduce inequality are found to have in general a positive impact on growth.57

In the modern world, as Polanyi pointed out, the concept of a 'free' market is a construct of economic theory, not an empirical observation.39 Indeed, he observed that the national capitalist market was effectively forced into existence through public policy—there was nothing 'natural' or universal about it.40

The orthodox prescription of 'fiscal austerity'—cutting public spending in an attempt to reduce public deficits and debt—has not restored Western economies to health, and economic policy has signally failed to deal with the deep-lying and long-term weaknesses which beset them.

Because of what's going on with the economy, I think women are realizing that maybe they don't need a closet full of clothes. They just need the right clothes.

When it comes to hiring someone for a job, "discrimination on the basis of [political] party was much stronger than discrimination on the basis of race." An information economy segregates on ideas and not on genetics.

and it cost taxpayers $4 billion a year. With more truckloads arriving daily, this milkfat mountain was growing faster than the national debt. The storage fees alone were running upwards of $1 million a day.

Our moral and cultural traditions have not kept pace with our economic possibilities. We try to match new demands with a spiritual life not designed for them.

The diseconomies of capitalism are treated as the public's responsibility. Corporate America skims the cream and leaves the bill for us to pay, then boasts about how productive and efficient it is and complains about our wasteful government.

How odd that fewer police were needed in the communist police state than in the free-market paradise.

Corn is an efficient way to get energy calories off the land and soybeans are an efficient way of getting protein off the land, so we've designed a food system that produces a lot of cheap corn and soybeans resulting in a lot of cheap fast food.

Very simply, we subsidize high-fructose corn syrup in this country, but not carrots. While the surgeon general is raising alarms over the epidemic of obesity, the president is signing farm bills designed to keep the river of cheap corn flowing, guaranteeing that the cheapest calories in the supermarket will continue to be the unhealthiest.

silver coins had gone from being a convenient way to carry a valuable metal to a symbol in their own right. Coins were value you could carry about, which other people recognized the same way you did. They didn't need to be sheltered and fed like cattle, or ploughed and reaped like fields, and best of all they didn't die; their value persisted. They could be buried in times of trouble and dug up to spend later.

In England it took two hundred years after the Romans left before coins were used as money again. There were no mints at all east of the Rhine until Regensburg, and that mint produced very little.37

Charity fits the economy of scarcity, because it supports the blasphemous myth that the rich are rich because they deserve to be, and their riches are theirs to deal with as they please. With such charity, we are not worthy to tell the story of manna in the wilderness, to pretend to eat together at the Lord's Supper, or claim the Year of Jubilee as our own.

Then came the 1982 recession. The promises and prizes quickly disappeared and once again employers had a buyers' market and the upper hand. By then, the game had changed.

we drifted from having a market economy to being a market society. The difference is this: A market economy is a tool—a valuable and effective tool—for organizing productive activity. A market society is a way of life in which market values seep into every aspect of human endeavour.

Dung is more valuable than any precious metal. You cannot grow food in gold.

The Federal Reserve is not currently forecasting a recession. Ben Bernanke January 10, 2008

commodities, currencies, interest rates, credit, and equities.1

Real estate was the world's favorite money-laundering currency,