Economic Quotes - Page 11

• When man has mastered money he shall have mastered not only his economic problem of prosperity but also his political problem, for he will see that money has no place in state functions, and, the money power being entirely in his own hands, he will easily master the state and clearly define its services. Thus money must be seen as the means of mastery of all economic and political problems. Until we have mastered money we shall not master any of our problems. Not money, but a false money system, is the root of all evil.

  E.C. Riegel

  Mean, Men, Hands

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• These people talk of a "middle-of-the-road" policy. What they do not see is that the isolated interference, which means the interference with only one small part of the economic system, brings about a situation which the government itself — and the people who are asking for government interference — find worse than the conditions they wish to abolish: the people who are asking for rent control are very angry when they discover there is a shortage of apartments and a shortage of housing.

  Ludwig von Mises

  Mean, Government, People

  "Economic Policy: Thoughts for Today and Tomorrow".

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• There is no economic problem and, in a sense, there never has been.

  E. F. Schumacher

  Problem, Economic Problems, Has Beens

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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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• Based on all criteria - military power, economic influence, cultural dominance - America remains number one, even though other, new players are increasingly challenging it in that role.

  Robert Kagan

  Military, Player, Numbers

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• I believe it is still true that conflicts among major powers usually stem from geopolitical rivalries but rarely from economic competition.

  Robert Kagan

  Believe, Competition, Conflict

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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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• This aged economic system is out of date!

  Severn Cullis-Suzuki

  Economic Systems

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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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• There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.

  Peer Steinbruck

  Taken, Europe, Balance

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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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• This tough-love, winner-take-all narrative dominating policymaking is far too limited a way to think about how a complex, modern, diverse economy like ours expands and thrives. The strongest periods of economic growth in the 20th century were also times when incomes rose across the board.

  John Podesta

  Thinking, Rose, Political

  "Income Inequality’s Ripple Effect". www.politico.com. December 09, 2013.

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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 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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• 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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• People never move towards revolution; they are pushed towards it by intolerable injustices in the economic and social order under which they live.

  Suzanne La Follette

  Moving, Order, People

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• Social economic problems do not exist everywhere that an economic event plays a role as cause or effect - since problems arise only where the significance of those factors is problematical and can be precisely determined only through the application of methods of social-economics.

  Max Weber

  Play, Events, Roles

  Max Weber (2015). “On the Methodology of the Social Sciences”, p.96, Lulu Press, Inc

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• There is yet no ethic dealing with man's relation to land and to the animals and plants which grow upon it. Land, like Odysseus' slave-girls, is still property. The land-relation is still strictly economic, entailing privileges but not obligations.

  Aldo Leopold

  Girl, Growing Up, Animal

  Aldo Leopold (1992). “The River of the Mother of God: and other Essays by Aldo Leopold”, p.182, Univ of Wisconsin Press

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• It is inconceivable to me that an ethical relation to land can exist without love, respect, and admiration for land, and a high regard for its value. By value, I of course mean something far broader than mere economic value; I mean value in the philosophical sense.

  Aldo Leopold

  Philosophical, Mean, Land

  Aldo Leopold (1989). “A Sand County Almanac, and Sketches Here and There”, p.223, Oxford University Press, USA

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• The economic transmission of power without wires is of all-surpassing importance to man. By its means he will gain complete mastery of the air, the sea and the desert. It will enable him to dispense with the necessity of mining, pumping, transporting and burning fuel, and so do away with innumerable causes of sinful waste.

  Nikola Tesla

  Mean, Men, Air

  Nikola Tesla (2013). “The Wireless Tesla”, p.23, Simon and Schuster

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• You have increasing poverty and increasing wealth. Fine food is one way to dispense with a lot of money... It's understanding that our daily choices about food connect us to a worldwide economic system. And that economic system - not scarcity - creates worldwide hunger for millions of people.

  Frances Moore Lappé

  Food, People, Choices

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