Economics Quotes - Page 28

• Some of our businesses use more energy than others, but our strategy everywhere is the same... first, reduce our use of energy as much as possible. Then, switch to renewable sources of power where it makes economic sense... And, over time, as a last resort, offset the emissions we can't avoid.

  Rupert Murdoch

  Energy, Use, Lasts

  Rupert Murdoch's Speech on Carbon Neutrality, www.theaustralian.com.au. May 10, 2007.

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• The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

  Ron Paul

  Government, People, Taught

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• First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.

  Ron Paul

  Money, Creating, Air

  YouTube Channel "voytechs"/"MSBNC - Ron Paul the fed caused the bubble", www.youtube.com. March 20, 2008.

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• 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.

  Ron Paul

  Country, Money, Past

  "End the Fed". Speech to the US House of Representatives, www.lewrockwell.com. February 05, 2009.

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• Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela.

  T. Boone Pickens

  Russia, Iran, Years

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• We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.

  Vladimir Putin

  Country, Mean, Years

  Transcript of Press Conference with the Russian and Foreign Media, en.kremlin.ru. February 01, 2007.

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• If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

  Murray Rothbard

  Government, Gold, Tickets

  "Taking Money Back" by Murray Rothbard, The Freeman, September-October 1995.

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• It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.

  Murray Rothbard

  Champion, Gold, Facts

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• Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.

  Murray Rothbard

  Money, Oil, Discovery

  "Making Economic Sense". Book by Murray Rothbard (p. 274), 1995.

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• I think that if it is - has to do with global warming, or if it has to do with raising the minimum wage, or if it has to do with lowering prescription drugs for vulnerable citizens - all of those things are people issues, not Democratic issues or Republican issues.

  Arnold Schwarzenegger

  Thinking, Issues, People

  "Meet the Press" with Tim Russert, www.nbcnews.com. November 25.

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• I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.

  George Soros

  Balance, Toxic, Relief

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• By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.

  George Soros

  Country, Government, Creating

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• We no longer see the world as a single entity. We've moved to cities and we think the economy is what gives us our life, that if the economy is strong we can afford garbage collection and sewage disposal and fresh food and water and electricity. We go through life thinking that money is the key to having whatever we want, without regard to what it does to the rest of the world.

  David Suzuki

  Life, Strong, Thinking

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• People ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.

  Meg Whitman

  Team, Class, Discipline

  Interview with Stephen B. Shepard, www.bloomberg.com. March 19, 2001.

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• In my judgment, we have to avoid, at all costs, tax increases. That would be the worst possible thing to do and will make a bad economy even worse. Beyond that, targeted tax relief should be expanded upon.

  Meg Whitman

  Relief, Would Be, Cost

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• The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.

  Sam Zell

  Issues, Problem, Sensitive

  "Zell tells of optimistic outlook on real estate". Interview with Denny Gainer, usatoday30.usatoday.com. May 2, 2004.

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• Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.

  Sam Zell

  Real, Office, Employment

  "Zell tells of optimistic outlook on real estate". Interview with Denny Gainer, usatoday30.usatoday.com. May 2, 2004.

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• Our global economy is out of control and performing contrary to basic principles of market economics.

  David Korten

  Principles, Economy, Performing

  "A Better Future with Globalization?". Interview with Alexander M. Dake, www.paraview.com. 2002.

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• The number of hypotheses and theories about climate change are numerous. Quite naturally they have caught the public attention, as any proof of past climactic change points to the possibility of future climate change, which inevitably will have significant implications for global economics.

  Eduard Bruckner

  Past, Numbers, Climate

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• Our real battlefield today is Asia and our real battle is the one between democracy and communism. . . . We have to prove to the world and particularly to downtrodden areas of the world which are the natural prey to the principles of communist economics that democracy really brings about happier and better conditions for the people as a whole.

  Eleanor Roosevelt

  Real, Women, People

  Eleanor Roosevelt, Harry S. Truman, Steve Neal (2002). “Eleanor and Harry: The Correspondence of Eleanor Roosevelt and Harry S. Truman”, p.156, Simon and Schuster

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• Climate change is not an environmental issue, but much more to do with security and economics

  Jonathon Porritt

  Issues, Environmental, Climate

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• Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics.

  Robert Teeter

  Country, Moving, Voting

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• We are enjoying in Africa what I call the democracy dividend. The progress we are seeing, economic development are all part of the dividend of good governance, respect for human rights, rule of law. It has created an enabling environment that allows not only foreigners to come in and invest but for Ghanaians to invest. It has created an atmosphere for our young people to be creative, innovative

  John Dramani Mahama

  Rights, Law, People

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• Majority of the African countries are now enjoying stable governance. Before you talk about economic growth, political stability is key.

  Goodluck Jonathan

  Country, Keys, Political

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• There is no easy fix or youth unemployment. Partnership between the public and private sectors can make a big difference.

  Ellen Johnson Sirleaf

  Differences, Unemployment, Youth

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