Economic Quotes - Page 15

• It is one of the greatest economic errors to put any limitation upon production.We have not the power to produce more than there is a potential to consume.

  Louis D. Brandeis

  Wisdom, Errors, Politics

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• Demagogues always do well in economic downturns.

  John Avlon

  Wells, Economic Downturn, Downturn

  "US warned to be wary of wingnuts". "The World Today" with Eleanor Hall, www.abc.net.au. February 17, 2010.

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• The United States presents a value system to the world that is based on democracy, based on economic freedom, based on individual rights for men and women, .. I think that is what makes us such a draw for nations around the world. People come to the United States to be educated, to become Americans. We are a country of countries and we touch every country, and every country in world touches us.

  Colin Powell

  Country, Men, Thinking

  "Powell participates in MTV global forum" by Andrea Koppel and Elise Labott, www.cnn.com. February 15, 2002.

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• The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.

  Sung Won Sohn

  Recovery, Self, Oil

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• The existing world economic order constitutes a system of plundering and exploitation like no other in history.

  Fidel Castro

  Order, World, Economics

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• There is a long American tradition of suspicion of concentrated economic power because of its tendency to corrupt government and turn it from a democracy into a plutocracy.

  Zephyr Teachout

  Government, Long, Political

  Zephyr Teachout (2014). “Corruption in America: From Benjamin Franklin's Snuff Box to Citizens United”, p.301, Harvard University Press

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• Most Turkish Kurds want a quiet life and improved economic conditions. But the Kurdish regions of Turkey are mountainous; they're ill-favored climatically; they're poor; and there's a limit to what the government can do there without wasting a lot of resources. Developing the south east may mean decamping a large part of its population. But the thing that will improve the lot of the Kurds more than anything else will be the stabilization of Iraq in the first place, because then the Turkish southeast stops being a dead end. It can become a bridge, with trade flowing in both directions.

  Andrew Mango

  Mean, Quiet, Poor

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• It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident.

  Charles Ferguson

  Creating, Culture, Behaviour

  "Heist of the century: Wall Street's role in the financial crisis". www.theguardian.com. May 20, 2012.

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• I like computers. I like the Internet. It's a tool that can be used. But don't be misled into thinking that these technologies are anything other than aspects of a degenerate economic system.

  Jerry Brown

  Technology, Thinking, Tools

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• Everyone aimed at security: no one accepted responsibility. What was plainly lacking, long before the barbarian invasions had done their work, long before economic dislocations became serious, was inner go. Rome’s life was now an imitation of life: a mere holding on. Security was the watchword – as if life knew any other stability than through constant change, or any form of security except through a constant willingness to take risks

  Lewis Mumford

  Responsibility, Rome, Long

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• The nations of the world are becoming more and more dependent on one another and it will not be possible to preserve a lasting peace so long as glaring economic and social imbalances persist.

  Pope John XXIII

  Long, Becoming, World

  Pope John XXIII (1967). “An invitation to hope”

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• Oftentimes when you have the federal government or others step in and start to raise minimum wage, what happens is you take away or reduce some people's opportunity to grab the bottom rung of the economic ladder to get the opportunities and the skills that you need to move up that economic ladder.

  Kevin Madden

  Moving, Opportunity, Skills

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• I think it is inflationary. I think it actually is counterproductive in many ways. You end up costing jobs from people who are at the bottom rung of the economic ladder.

  Paul Ryan

  Jobs, Thinking, People

  "Rep. Paul Ryan: “He underplayed the enormity of the task before us, which is to confront a debt crisis”, cnnpressroom.blogs.cnn.com. February 13, 2013.

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• People become less inhibited from wanting to change social and economic conditions in a radical fashion according to their own interests, and from being prepared to think of state intervention in ever wider spheres as possible and useful for this purpose.

  Gunnar Myrdal

  Fashion, Thinking, People

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• As a consequence [of a closed economic circle], in 1912 there was not a single Irishman who sat on a single board of a major Boston bank.

  Doris Kearns Goodwin

  Boston, Circles, Boards

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• No economic activity was more irrepressible [in the 14th century] than the investment and lending at interest of money; it was the basis for the rise of the Western capitalist economy and the building of private fortunes-and it was based on the sin of usury.

  Barbara Tuchman

  Capitalist Economy, Usury, Sin

  Barbara Tuchman (2017). “A Distant Mirror: The Calamitous 14th Century”, p.66, Penguin UK

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• The economic victims of the era are men who who know someone has made off with their future- and they suspect the thief is a woman.

  Susan Faludi

  Men, Thieves, Eras

  Susan Faludi (1991). “Backlash: The Undeclared War Against American Women”

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• Sooner or later for good or ill, a united mankind, equipped with science and power, will probably turn its attention to the other planets, not only for economic exploitation, but also as possible homes for man. . . . The goal for the solar system would seem to be that it should become an interplanetary community of very diverse worlds . . . . Through the pooling of this wealth of experience, through this 'commonwealth of worlds,' new levels of mental and spiritual development should become possible, levels at present quite inconceivable to man.

  Olaf Stapledon

  Spiritual, Home, Men

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• By maintaining the separation of church and state, the United States has avoided the intolerance which has so divided the rest of the world with religious wars.

  Barry Goldwater

  Religious, War, Years

  Remarks in the Congressional Record, www.nytimes.com. September 15, 1981.

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• China is a developing country with a huge population, and also a developing country in a crucial stage of reform. In this context, China still faces many challenges in economic and social development. And a lot still needs to be done in China, in terms of human rights.

  Hu Jintao

  Country, Rights, Challenges

  Press Conference with President Obama and President Hu of the People's Republic of China, obamawhitehouse.archives.gov. January 19, 2011.

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• In a society of little economic development, universal inactivity accompanies universal poverty. You survive not by struggling against nature, or by increasing production, or by relentless labor; instead you survive by expending as little energy as possible, by striving constantly to achieve a state of immobility.

  Ryszard Kapuscinski

  Struggle, Energy, Development

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• Freedom of enterprise was from the beginning not altogether a blessing. As the liberty to work or to starve, it spelled toil, insecurity, and fear for the vast majority of the population. If the individual were no longer compelled to prove himself on the market, as a free economic subject, the disappearance of this freedom would be one of the greatest achievements of civilization.

  Herbert Marcuse

  Business, Blessing, Civilization

  Herbert Marcuse (2013). “One-Dimensional Man: Studies in the Ideology of Advanced Industrial Society”, p.4, Routledge

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• It is, indeed, part of the liberal attitude to assume that, especially in the economic field, the self-regulating forces of the market will somehow bring about the required adjustments to new conditions, although no one can foretell how they will do this in a particular instance. There is perhaps no single factor contributing so much to people

  Friedrich August von Hayek

  Attitude, Self, People

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• Pressure selling is firmly rooted in American economic life, and I'm sorry it is, for it should not be necessary. Some people think part of the panic following 1929 was due to too much pressure in selling.

  Vash Young

  Sorry, Thinking, People

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• Important as economic unification is for the recovery of Germany and of Europe, the German people must recognize that the basic cause of their suffering and distress is the war which the Nazi dictatorship brought upon the world.

  James F. Byrnes

  War, Recovery, Europe

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