Economy Quotes and Sayings


A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

As long as we place millions of Indians at the canter of our thought process, as long as we think of their welfare, their future, their opportunities for self realization we are on the right track. For India can grow, prosper, flourish only if they grow, prosper, flourish. We cannot grow by any esoteric strategies. Our purchasing power, our economic strength, our marketplace all depends on the prosperity of our people.

Forgiveness is the economy of the heart… forgiveness saves the expense of anger, the cost of hatred, the waste of spirits.

We can no longer allow America’s dependence on foreign oil to compromise our energy security. Instead, we must invest in inventing new ways to power our cars and our economy. I’ll put my faith in American science and ingenuity any day before I depend on Saudi Arabia.

The man who will live above his present circumstances is in great danger of living in a little time much beneath them, or, as the Italian proverb says: The man who lives by hope will die by despair.

But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.

Now that economic realism has finally arrived in India, the future lies in becoming a strong economic power. Dominance in the world will come only from how well a nation can cope with economic realism and towards that India must work, must find its own place under the sun.

If we get a government that reflects more of what this country is really about, we can turn the century — and the economy — around.

Economics has been incurably growth-oriented and addicted to everybody growing richer, even at the cost of exhaustion of resources and pollution of the environment.

Why should workers agree to be slaves in a basically authoritarian structure? They should have control over it themselves. Why shouldn?t communities have a dominant voice in running the institutions that affect their lives?

Economy, n. Purchasing the barrel of whiskey that you do not need for the price of the cow that you cannot afford.

We have gotten stuck half-way in our transition from the planned and command economy to a normal market economy. We have created…a hybrid of the two systems.

In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.

People are only mean when they’re threatened, and that’s what our culture does. That’s what our economy does.

If it is widely assumed that the new President cannot move forward simply because of a narrow victory, there can easily develop a sense of unease and uncertainty, adversely affecting every sector of American society, our economy and the perception of other nations.

When approved, the SAFE Port Act will make progress toward protecting the physical infrastructure of our seaports as well as our national economy which is so clearly dependent on the commercial shipping business.

I think back a little bit when President Bush was elected President and what kind of economy he inherited from the Clinton administration. The economy was going down. It was not doing well.

The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

The Internet isn’t free. It just has an economy that makes no sense to capitalism.

There is a direct link between the federal tax cut of 2001 and state tax increases in 2003. When the federal government’s mistakes force states to raise their taxes, it not only robs Peter to pay Paul, but it hurts hard-working families and it undermines our economy’s strength.

Let’s give the individual the space to grow, instead of the economy.

The world abhors closeness, and all but admires extravagance; yet a slack hand shows weakness, a tight hand strength.

Men live best upon a little; Nature has given to all the privilege of being happy, if they but knew how to use their gifts

A creative economy is the fuel of magnificence.

A man may, if he knows not how to save as he gets, keep his nose all his life to the grindstone and die not worth a groat at last.

If you know how to spend less than you get you have the philosopher’s stone.

Many have been ruined by buying good Pennyworths.

Be thrifty, but not covetous.

Never spend your money before you have earned it.

Frugality is founded on the principal that all riches have limits.

People do not understand what a great revenue economy is.

Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.

Economics has many substantive areas of knowledge where there is agreement but also contains areas of controversy. That’s inescapable.

Nobody knows what any building would look like … You have to see who wants to rent or buy and when the economy really needs them. I think you’re seeing the democratic process working exactly the way it should.

Europe should now respond positively and enthusiastic to the American offer … about the elimination of export subsidies and the reduction of tariffs.

Our new economic approach is rooted in ideas which stress the importance of macro-economics, post neo-classical endogenous growth theory and the symbiotic relationships between growth and investment, and people and infrastructure.

Russia today is, in essence, on the verge of economic and political breakdown. We can end the crisis in Russia only by concerted action. You know that I have always been open to constructive dialogue.

A core part of the global market is what might be called the ‘Nike Economy’ - footloose companies that play countries against one another while seeking subcontractors with the lowest wages and cheapest conditions.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.

We want a system in which the worker shall get what he produces and the capitalist shall produce what he gets.

The ultimate aim of production is not production of goods but the production of free human beings associated with one another on terms of equality.

I think our main foreign policy is economic policy but to think that economic policy is not environmental policy is to sort of, miss the point. You know you can’t have economic development without impact on the biosphere.

We must recognize that we can’t solve our problems now until there is a radical redistribution of economic and political power….[What is required is] a radical restructuring of the architecture of American society.

I don’t know the taxpayer has perhaps much of an understanding of just how much wealth has been and is being and can be created that flows through the economy and just how many jobs depend upon it.

But now, more and more, its society is concerned with economy and finance.

Our choice of a reform framework dictated that we looked at the fundamental assumptions that had driven Nigeria’s economy, society and policy hitherto and to seek ways of either abandoning or transcending those assumptions and their supporting institutions.

he challenge as we saw in the Nigerian project was to restructure the economy decisively in the direction of a modern free market as an appropriate environment for cultivation of freedom and democracy and the natural emergence of a new social order.

There are no doubts that, the situation in the country today, indicates that there is much more work to do in the process of reforming the political economy and improving the quality of life of our people and communities.

In turning from the smaller instruments in frequent use to the larger and more important machines, the economy arising from the increase of velocity becomes more striking.

My position is that I am personally opposed to abortion, but I don’t think I have a right to impose my view on the rest of society. I’ve thought a lot about it, and my position probably doesn’t please anyone. I think the government should stay out completely. I will not vote to overturn the Court’s decision. I will not vote to curtail a woman’s right to choose abortion. But I will also not vote to use federal funds to fund abortion.

Keeping taxes low and restraining spending leads to a vibrant economy; it leads to new jobs; it leads to better opportunities; and it leads to a shrinking deficit.

No government can love a child, and no policy can substitute for a family’s care. But at the same time, government can either support or undermine families as they cope with moral, social and economic stresses of caring for children.

We see community organizations as major service providers and economic drivers rather than as recipients or distributors of charity, and coordinators of volunteers. Today they constitute what’s referred to as ‘the social economy.

We have to shift our emphasis from economic efficiency and materialism towards a sustainable quality of life and to healing of our society, of our people and our ecological systems.

I find that because of modern technological evolution and our global economy, and as a result of the great increase in population, our world has greatly changed: it has become much smaller. However, our perceptions have not evolved at the same pace; we continue to cling to old national demarcations and the old feelings of ‘us’ and ‘them’.

The trouble with a budget is that it’s hard to fill up one hole without digging
another.

The total alteration in underlying circumstances has not been squarely faced, As a result, we are guided, in part, by ideas that are relevant to another world. … We do many things that are unnecessary, some that are unwise, and a few that are insane.

Global warming pollution, indeed all pollution, is now described by economists as an “externality.” This absurd label means, in essence: we don’t to keep track of this stuff so let’s pretend it doesn’t exist.

We have global markets which make us extremely interdependent so that what goes on within individual countries is of consequence to us all.

In war the strong make slaves of the weak, and in peace the rich make slaves of the poor. We must work to live, and they give us such mean wages that we die. We toil for them all day long, and they heap up gold in their coffers, and our children fade away before their time, and the faces of those we love become hard and evil. We tread out the grapes, and another drinks the wine. We sow the corn, and our own board is empty. We have chains, though no eyes behold them; and are slaves, though men call us free.

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