Economy Quotes

500+ Sourced quotes

To not say all that can be said is the secret of discipline and economy.

Dejan Stojanovic

I do know enough about economics — and so do you — to understand that the 'stimulus program' of Barack Obama and his ravenous parasitic hordes, supposedly designed to 'repair' America's broken economy, reveals him to be unimaginably stupid, gibberingly insane, or simply the biggest, most barefaced criminal thug ever to occupy the White House.
And that's saying a lot.

The green economy should not just be about reclaiming throw-away stuff. It should be about reclaiming thrown-away communities. It should not just be about recycling things to give them a second life. We should also be gathering up people and giving them a second chance.

Everyone has an interest in the economy: in how it functions, how well it functions, and in whose interests it functions.

More than any single action by the government since the end of the war, this one would change the face of America with straightaways, cloverleaf turns, bridges, and elongated parkways. Its impact on the American economy-the jobs it would produce in manufacturing and construction, the rural areas it would open up-was beyond calculation.

Dwight D. Eisenhower

Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on. We do need to intervene, to improve political and economic conditions inside countries that have bad governments, where people are suffering.
One way of doing this, without violating sovereignty, is through constructive actions — reinforcements and incentives for countries that are moving in the right direction, toward an open society, a market economy, et cetera. That is what I'm advocating. I'm advocating preventive action of a constructive nature. And I would use military force only as the very last resort, when nothing else works.

The economic history of the last half century offers two cases of serious international depressions in countries with an essential orientation towards a market economy: In the first half of the 1930ies and in the middle of the 1970ies. With some simplification one can say that in the former case recovery started after a few years without the aid of much conscious expansionist policy.

A lack of desire to spend money becomes a symptom of disease that requires expensive medication. Which medication then destroys the libido, in other words destroys the appetite for the one pleasure in life that's free, which means the person has to spend even more money on compensatory pleasures. The very definition of mental 'health' is the ability to participate in the consumer economy. When you buy into therapy, you're buying into buying.

Jonathan Franzen

Here's the story: There's a terrible crisis affecting the American economy. We have come together on a bill to alleviate the crisis. And because somebody hurt their feelings they decide to punish the country. I mean, I would not have imputed that degree of pettiness and hypersensitivity [...] But think about this: Somebody hurt my feelings so I will punish the country. I mean, that's hardly plausible. And there are 12 Republican members who were ready to stand up for the economic interests of America but not if anybody insulted them. I'll make an offer: Give me those 12 people's names and I will go talk uncharacteristically nicely to them and tell them what wonderful people they are and maybe they'll now think about the country.

A society in which vocation and job are separated for most people gradually creates an economy that is often devoid of spirit, one that frequently fills our pocketbooks at the cost of emptying our souls.

Why has he closed the door on Canada Post? Here's a guy who says he was a terrific manager of the economy and all things economic yet he's shut down our postal service. It's certainly the wrong thing to do and it sends a very bad signal out to the working people that tromp up and down our sidewalks and deliver our mail … that he doesn't really respect the bargaining process.

Leadership of a world-economy is an experience of power which may blind the victor to the march of history.

Fernand Braudel

Yes. I also put in the book that I felt Hugo Chavez was the Robert Mugabe of our hemisphere. In other words, this is a case for – where leadership is destroying a country. Zimbabwe used to feed South Africa. Today it's a net importer of food because the rule of an incompetent government destroyed the economy of the country.

We are turning into a nation of whimpering slaves to Fear — fear of war, fear of poverty, fear of random terrorism, fear of getting down-sized or fired because of the plunging economy, fear of getting evicted for bad debts, or suddenly getting locked up in a military detention camp on vague charges of being a Terrorist sympathizer.

Hunter S. Thompson

No serious challenge on the Left exists to Third Way thinking anywhere in the world. This is hardly surprising as globalisation punishes hard any country that tries to run its economy by ignoring the realities of the market or prudent public finances. In this strictly narrow sense, and in the urgent need to remove rigidities and incorporate flexibility in capital, product and labour markets, we are all "Thatcherite" now.

Peter Mandelson

Mundell's models allowed a significant role for fiscal policy, especially under fixed exchange rates. However, the treatment was entirely Keynesian—an increased budget deficit operated solely by raising the aggregate demand for goods. Moreover, increases in government spending and cuts in taxes had pretty much the same effect on the economy.

It should be illegal to yell 'Y2K' in a crowded economy.

The idea of abolishing Income Tax is to me highly attractive, both on other grounds & because it tends to public economy.

William Ewart Gladstone

High taxes, over-regulation, and an anti-business attitude are clearly the cause of our economic problems. Our economy is floundering, and too many Marylanders have been struggling, just to get by. 40 consecutive tax hikes have taken an additional $10 billion out of the pockets of struggling Maryland families and small businesses. We've lost more than 8,000 businesses, and Maryland's unemployment nearly doubled.

Nowadays enthusiasm is accounted folly; truth, cynicism; dissimulation, self-control; stiffness of manners, dignity; deception, cleverness; hypocrisy, decency; selfishness, economy; freedom of thought, effrontery; and superstition, the prop of human morals. What progress in language!

If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.

Will the tax cut destroy America's prosperity? Probably not. As Adam Smith observed, there's a deal of ruin in a nation. We have a huge, resilient economy that can survive and recover from even quite bad government policies.
Yet while the tax cut may not be a matter of economic life or death, it is a very serious issue. For one thing, like it or not, the tax cut has become the central political issue in the United States right now. Conservatives who want to reshape America view passage of a large tax cut as a first step toward realizing their vision. For that reason, those who do not share this vision feel, rightly, that they must oppose the plan.

To realize the full possibilities of this economy, we must reach beyond our own borders, to shape the revolution that is tearing down barriers and building new networks among nations and individuals, and economies and cultures: globalization. It's the central reality of our time.

Hayek's blind spot with regard to politics was clear in the early 1980s when the first Thatcher government, in an attempt to reduce inflation and bring the public finances closer to a balanced budget, was raising interest rates and cutting public spending. As he had done during the 1930s, Hayek attacked these policies as not being severe enough. It would be better, he told me in a conversation we had around this time, if Thatcher imposed a more drastic contraction on the economy so that the wage-setting power of the trade unions could be broken. He appeared unfazed by unemployment, which was already higher (more than three million people) than at any time since the 1930s, and would rise much further if his recommendations were accepted.

Seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are.

Joseph Stiglitz