500+ Sourced quotes
The transformation of the automobile market was essentially complete in 1929. If Mr. Ford, in that pivotal year in the modern economy, still held stubbornly to his old concept in his new Model A, he was counterbalanced by Mr. Chrysler, who had come up from nowhere with tremendous vitality and with a market policy similar to General Motors'. The fact that Mr. Ford built nearly two million of the five million U.S.-produced cars and trucks sold that year was only incidental from the long-term point of view. it was a splurge, not the sign of a trend.
I think if you look at the overall record and millions of jobs have been created, et cetera, et cetera, you could make an argument that there's been great progress economically over that period of time. But that's no comfort. That's no comfort to families now that are facing these tremendous economic challenges. But let me just add, Peter, the fundamentals of America's economy are strong.
We have little control over the circumstances of life. We can't control the weather or the economy, and we can't control what other people say about or do to us. There is only one area where we have control—we can rule the kingdom inside. The heart of every problem is the problem in the heart.
Imagine what it's like to be a young person living in a country that is not moving toward reform... While your peers in other parts of the world have received educations that prepare them for the opportunities of a global economy, you have been fed propaganda and conspiracy theories that blame others for your country's shortcomings.
realities of our own countries rather than catching up with the western economic models, [Bhatt urged] the people to follow a principle which ensures six basic necessities- food, shelter, clothing, primary education, primary healthcare and primary banking- are available within a 100 mile distance. If these necessities are locally produced and consumed, we will have the growth of a new holistic economy.
The problems we see today are going to be a hell of a lot worse in 10 years if we're not willing to face up to them. These kids are just not going to be absorbed into the economy, so what are they going to be doing? Well, we know. They're going to be making life pretty miserable for a lot of people.
Without even entering into the question of the world economy's ultimate dictation within narrow limits of everybody's productive activity, it's apparent that the source of the greatest direct duress experienced by the ordinary adult is not the state but rather the business that employs him. Your foreman or supervisor gives you more or-else orders in a week than the police do in a decade.
From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.
Creative destruction can apply to economic concepts as well. And this downturn offers an excellent opportunity to get rid of one that has long outlived its usefulness: gross domestic product. G. D. P. is one measure of national income, of how much wealth Americans make, and it's a deeply foolish indicator of how the economy is doing. It ought to join buggy.
It is clearly apparent that in building the best results should accrue in proportion as every element in the structure is fitted both to the function it has to perform and the materials of which it is made. It follows from this that disguise and complication are hindrances, both to good construction and good design, and as complication and disguise are expensive and wasteful, that the interests of good art and true economy run on parallel lines.