Quotes About Economy

McQueen says he was heavily influenced by the book The Experience Economy, by B. Joseph Pine and James H. Gilmore, whose thesis is that we've moved from being an agrarian economy to one based on industry and now to an experience economy, in which our lives are filled with memorable, branded experiences.

Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.

The primary purpose of the internet had changed from supporting a knowledge economy to growing an attention economy.

People are at best an asset to be exploited, and at worst a cost to be endured. Everything is optimized for capital, until it runs out of world to consume.

Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!

We are caught in a growth trap. This is the problem with no name or face, the frustration so many feel. It is the logic driving the jobless recovery, the low-wage gig economy, the ruthlessness of Uber, and the privacy invasions of Facebook.

We must achieve both security and solvency. In fact, the foundation of military strength is economic strength

The ideas in each—from profit-sharing with employees to new approaches to job training, from reform of the financial system to promote long-term time horizons on investment to more progressive taxes and large-scale infrastructure investment—would help create a more just economy.

Deregulation not only opened the way the crash of 2008.

We have had the bomb on our minds since 1945. It was first our weaponry, and then diplomacy, and now it's our economy. How can we suppose that something so monstrously powerful could not, after 40 years, compose our identity?

By now, a significant portion of the whole Sherpa economy depends on the spring and fall seasons on Everest.

He remembered once hearing his grandmother... say plaintively: Why daughter, I presume I can go without -- BUT I CAN'T ECONOMIZE.

Everything hinged on money

Financial repression returned to the West after 2008. Short-term rates in the United States and Europe were held below the level of inflation and remained negative in real terms for years on end.

This book is about the role of interest in a modern economy. It was inspired by a Bastiat-like conviction that ultra-low interest rates were contributing to many of our current woes, whether the collapse of productivity growth, unaffordable housing, rising inequality, the loss of market competition or financial fragility. Ultra-low rates also seemed to play some role in the resurgence of populism as Sumner's Forgotten Man started to lose patience.

The authority of the prince, said Artaxerxes, must be defended by a military force; that force can only be maintained by taxes; all taxes must, at last, fall upon agriculture; and agriculture can never flourish except under the protection of justice and moderation. ^55

Agriculture is the foundation of manufactures;

The authority of the prince, said Artaxerxes, must be defended by a military force; that force can only be maintained by taxes; all taxes must, at last, fall upon agriculture; and agriculture can never flourish except under the protection of justice and moderation.

Well, this is a bull market, you know

The society based on production is only productive, not creative.

It is easier to seize wealth than to produce it, and as long as the State makes the seizure of wealth a matter of legalized privilege, so long will the squabble for that privilege go on.

goods—sugar, tobacco, rice, and indigo, a purple dye—to sell in Europe.

Waste is a tax on the whole people.

Armaments, universal debt, and planned obsolescence—those are the three pillars of Western prosperity.