The fiat-based system has produced enormous global imbalances that are straining the global economy. Ultimately, I think the whole thing gives way and what returns is what existed prior to the dollar standard, and that is a global gold standard, which is the only thing that really works.
The American economy has always been the innovator in the world, and we're starting to see some tremendous increases in innovation, especially in the clean energy sector.
I do not know that any writer has supposed that on this earth man will ultimately be able to live without food.
Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.
Heads know that failing to invest in good, nutritious food is a false economy and parents won't tolerate reconstituted turkey being put back on the menu.
The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.
Nearly one billion women and men, a third of the world's workforce, are either unemployed or unable to earn enough to keep themselves out of extreme poverty. There are 100 million new entrants into the labour market each year. Up to 90 percent in some regions are in the informal economy. 180 million kids are engaged in the worst forms of child labour. Put it all together and it is not only morally unacceptable, but politically dangerous
Technology has changed things, same as everywhere. But the economy has changed drastically. When Jamaica first won independence, our dollar was stronger than the U.S. dollar. Now ours is about 90 to one. That's had a big impact on crime and poverty.
Home Star is a common sense idea that would create jobs and provide a boost to local economies, while helping families afford their energy bills. By encouraging homeowners to invest in energy efficiency retrofits, Home Star would create 170,000 manufacturing and construction jobs that could not be outsourced to China.
The rhetoric on the Hill is getting very heated and it's getting quite dangerous. The gun is at the head of the American economy and Congress is holding it and its got a hair trigger. We've got to pay our bills.
Writing good ads is easy when you have something to say.
It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.
I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to find out what made economies work the way they did or fail to work.
The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?
Political activity alone cannot make a man free. Back of the ballot, he must have property, industry, skill, economy, intelligence, and character.
Black money is so much a part of our white economy, a tumour in the centre of the brain - try to remove it and you kill the patient.
Hating clouds the mind. It gets in the way of strategy. Leaders cannot afford to hate
It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.
Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
Near-term deficits are temporary and manageable if - and only if - we keep spending in check, the tax burden low and the economy growing.
Republican governors are leading the way in helping the private sector create new jobs, reforming government and getting our economy back on track.
I knew German history well, and out of my experiences in the rest of the world I believed to know the German kind; therefore I never doubted that, although for the time being all indications were against it, one day a change would come.
The West has been able to bring Afghanistan a much better health service, better education, better roads, a better economy, though some have benefited more; some have benefited less from that economic well-being in Afghanistan.
The first bill that President Obama signed into law was the Lilly Ledbetter Fair Pay Act. I think it says something about his priorities that the first bill he put his name on has my name on it too. As he said that day with me by his side, "Making our economy work means making sure it works for everyone."
It is an acknowledged truth in philosophy that a just theory will always be confirmed by experiment.
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