Economy Quotes - Page 9

• Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.

  Mark Zandi

  Creating, Credit, Today

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• I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to find out what made economies work the way they did or fail to work.

  Douglass North

  School, Way, Graduates

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• The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?

  Ezra Heywood

  Kings, Men, Thinking

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• Why are drugs so profitable? Essentially, many argue, it’s because they are illegal. By making drugs a criminal enterprise, it creates an enormous black market economy where drugs fetch far greater prices than they would if legal.

  James Morcan

  Drug, Black, Criminals

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• In the next decade, we need to think and act like revolutionaries. We have to innovate, not merely imitate. We will succeed not be following the footsteps of the incumbent, but by introducing new dimensions into play. We need Singaporeans who can lead the way in creating new wealth for our economy.

  Goh Chok Tong

  Thinking, Introducing New, Play

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• Political activity alone cannot make a man free. Back of the ballot, he must have property, industry, skill, economy, intelligence, and character.

  Booker T. Washington

  Character, Men, Skills

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• Black money is so much a part of our white economy, a tumour in the centre of the brain - try to remove it and you kill the patient.

  Rohinton Mistry

  White, Black, Brain

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• To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.

  George Soros

  Government, People, Mind

  Interview with Mark Shapiro, September 05, 2000.

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• Hating clouds the mind. It gets in the way of strategy. Leaders cannot afford to hate

  Nelson Mandela

  Wisdom, Hate, Clouds

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• It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy.

  Jairam Ramesh

  Country, Thinking, Japan

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• A government that seizes control of the economy for the good of the people ends up seizing control of the people for the good of the economy

  Bob Dole

  Government, People, Ends

  Robert Dole's Speech To The Republican National Convention in San Diego, California, edition.cnn.com. August 15, 1996.

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• Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

  Janet Yellen

  Long, Unemployment, Term

  "A Painfully Slow Recovery for America's Workers: Causes, Implications, and the Federal Reserve's Response" by Janet L. Yellen, www.federalreserve.gov. February 11, 2013.

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• Near-term deficits are temporary and manageable if - and only if - we keep spending in check, the tax burden low and the economy growing.

  Jim Nussle

  Ifs And, Growing, Burden

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• The capital amassed in the eighteenth and nineteenth centuries through various forms of slave economy is still in circulation, said De Jong, still bearing interest, increasing many times over and continually burgeoning anew.

  W. G. Sebald

  Slave, Century, Form

  W. G. Sebald (2016). “The Rings of Saturn”, p.112, New Directions Publishing

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• Teach economy. That is one of the first and highest virtues. It begins with saving money.

  Abraham Lincoln

  Saving, Firsts, Virtue

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• Everyone says Francois Mitterrand had huge charisma. But before he was president they used to call him badly dressed, old, archaic and say he knew nothing about the economy until the day he was elected. It's called universal suffrage. When you're elected, you become the person that embodies France.

  Francois Hollande

  President, France, Used

  "François Hollande: from marshmallow man to Sarkozy's nemesis?" by Angelique Chrisafis, www.theguardian.com. April 18, 2012.

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• There is plenty of room to make a profit in a zero-carbon economy; but the profit motive is not going to be the midwife for that great transformation.

  Naomi Klein

  Zero, Rooms, Transformation

  Naomi Klein (2014). “This Changes Everything: Capitalism Vs. The Climate”, p.252, Simon and Schuster

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• Banks should contribute to the real economy, make a positive contribution to economic growth.

  Jeroen Dijsselbloem

  Real, Growth, Economic

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• The people of the United States don't recognize it, but the oil industry has given the greatest gift to the people of the nation, and that gift is the low cost of energy. Bottom line is this enables the country to be very competitive manufacturing-wise and in the world economy.

  Ray L. Hunt

  Wise, Country, Oil

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• In the future, it's going to become more and more impossible for the economy to support how expensive medical care is and the number of sick people we have. Why don't we just get our population healthier so we don't need medical care?

  Joel Fuhrman

  Numbers, Sick, People

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• Psychological man may be going nowhere, but he aims to achieve a certain speed and certainty in going. Like his predecessor, the man of the market economy, he understands morality as that which is conducive to increased activity. The important thing is to keep going.

  Philip Rieff

  Men, Important, May

  Philip Rieff (1987). “The Triumph of the Therapeutic: Uses of Faith After Freud”, p.41, University of Chicago Press

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• You would have thought that our first priority would be to ask what the ecologists are finding out, because we have to live within the conditions and principles they define. Instead, we've elevated the economy above ecology.

  David Suzuki

  Priorities, Principles, Would Be

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• The only way to continue to have a robust economy is to out-innovate other nations.

  Steve Case

  Way, Robust, Nations

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• There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations.

  Charles Bass

  Differences, Support, Spending

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• But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

  Charles Bass

  Thinking, Government, Long

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