Economy Quotes

THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor.

Among other possibilities, money was invented to make it possible for a foolish man to control wise men; a weak man, strong men; a child, old men; an ignorant man, knowledgeable men; and for a dwarf to control giants.

Men won't easily give up a system in which half the world's population works for next to nothing...[and recognizes that]precisely because that half works for so little, it may have no energy left to fight for anything else.

Europe, the land of easy mathematics where he who works adds up and he who retires subtracts. The land where the economy gets to stagger all over the continent.

I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.

Congress shall make no law abridging the freedom of production and trade...

All of society’s problems which could be solved by money, were caused by money.

Our entire economy is based on productivity measures that have little to do with “human input”. Sooner or later the entire system will collapse revealing the fallacy of an economy based on finance.

Regarding quality, the following rule is very important: do each activity right at the first time with the aim of saving money and time. Regardless of the process under consideration, the activities that were carried out badly may cause repetitions with considerable additional costs.

Ponzi schemes don’t trickle down, they siphon up.

They're so broke that they've actually cut essential services. In many places, they've cut policemen, because, who the fuck needs them? Or firemen, son of a bitch, it's much more fun watching something burn down.

Why do people look to the government to fix the economy? It's mind-boggling.

If you go to Singapore or Amsterdam or Seoul or Buenos Aires or Islamabad or Johannesburg or Tampa or Istanbul or Kyoto, you'll find that the people differ wildly in the way they dress, in their marriage customs, in the holidays they observe, in their religious rituals, and so on, but they all expect the food to be under lock and key. It's all owned, and if you want some, you'll have to buy it.

Instead of using their vastly increased material and technical resources to build a wonder-city, they built slums; and they thought it right and advisable to build slums because slums, on the test of private enterprise, "paid", whereas the wonder-city would, they thought, have been an act of foolish extravagance, which would, in the imbecile idiom of the financial fashion, have "mortgaged the future"; though how the construction to-day of great and glorious works can impoverish the future, no man can see until his mind is beset by false analogies from an irrelevant accountancy.

Vain mistaken mortals, who, valuing themselves on names and titles, suppose that the virtues of the mind must be attached to an empty sound, when every day's experience proves that birth is disgraced, titles rendered contemptible, and riches a curse, by the vices, meanness, and dissipation of its possessors!

The angry men know that this golden age (of fossil fuels) has gone; but they cannot find the words for the constraints they hate. Clutching their copies of Atlas Shrugged, they flail around, accusing those who would impede them of communism, fascism, religiosity, misanthropy, but knowing at heart that these restrictions are driven by something far more repulsive to the unrestrained man: the decencies we owe to other human beings.

The world is administered by rich but it is constructed by poor.

Where there is society, there is no need for charity.

With an evermore increase of industrialisation machine stops being merely a tool, develops a life of its own and imposes its rhythm onto human. Operating it he moves mechanically, becomes part of the machine.

After order and liberty economy is one of the highest essentials of a free government.... Economy is always a guarantee of peace.

The only weapon of power, its only strategy against this defection, is to reinject the real and the referential everywhere, to persuade us of the reality of the social, of the gravity of the economy and the finalities of production.

Without "the people," there is no country.

Much has been written of the perceived "clash" between Islamic and western civilisations and of the need for reconciliation.... Sergei Bulgakov left a rich repository of economic thought that philosophically bridges a gap between the rationality of western market economies and the transcendent awareness of Islamic social structures. Bulgakov's philosophy of economy embraces ideas of freedom even as it recog- nises the need for "guidance" and the essential nature of economic relationships to the preservation of community. By engaging Bulgakov's economic ideas, westerners can better understand the apprehensions of intellectuals in traditional cultures concerning globalisation and the reticence of many Muslims to embrace it.

...capitalism is too important and complex a subject to be left to economists. Achieving a critical comprehension of it requires perspectives beyond those characteristic of modern economics. That is why this is a history not of economic ideas, but of ideas beyond the capitalist economy.

Everyone who enters the world comes in with hidden gold, it's called your natural gifts. The job of a person is to find the hidden gold and give it. It turns out that when you give it you get more than when you hold on to it, that's the economy of the soul.

Between reaction and revolution there is nothing to choose. Neither leave the track, they just allow different people to drive while the same people are run over.

One problem with the division of labor in our complex economy is how it obscures the lines of connection, and therefore of responsibility, between our everyday acts and their real-world consequences. Specialization makes it easy to forget about the filth of the coal-fired power plant that is lighting this pristine computer screen, or the back-breaking labor it took to pick the strawberries for my cereal, or the misery of the hog that lived and died so I could enjoy my bacon. Specialization neatly hides our implication in all that is done on our behalf by unknown other specialists half a world away.

Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage—which sets a floor for other wages—tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.

It is very important to concentrate on hitting the U.S. economy through all means possible

If young men and young women are brought up to consider frugality contemptible, and industry degrading, it is vain to expect they will at once become prudent and useful, when the cares of life press heavily upon them.

Reliability investing requires finding companies trading below their inherent worth--stocks with strong fundamentals including earnings, dividends, book value, and cash flow selling at bargain prices give their quality.

Our entire system, in an economic sense, is based on restriction. Scarcity and inefficiency are the movers of money; the more there is of any resource the less you can charge for it. The more problems there are, the more opportunities there are to make money.This reality is a social disease, for people can actually gain off the misery of others and the destruction of the environment. Efficiency, abundance and sustainability are enemies of our economic structure, for they are inverse to the mechanics required to perpetuate consumption.This is profoundly critical to understand, for once you put this together you begin to see that the one billion people currently starving on this planet, the endless slums of the poor and all the horrors of a culture due to poverty and pravity are not natural phenomenon due to some natural human order or lack of earthly resources. They are products of the creation, perpetuation and preservation of artificial scarcity and inefficiency.

If you use a philosophy education well, you can get your foot in the door of any industry you please. Industries are like the blossoms on a tree while philosophy is the trunk - it holds the tree together, but it often goes unnoticed.

Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.

If you don't have a whole lot of unsatisfied people, the economy stops dead, doesn't it?

Economy and environment are the same thing. That is the rule of nature.

Rats and roaches live by competition under the law of supply and demand; it is the privilege of human beings to live under the laws of justice and mercy. It is impossible not to notice how little the proponents of the ideal of competition have to say about honesty, which is the fundamental economic virtue, and how very little they have to say about community, compassion, and mutual help.

Politicians sre the same all over.They promise to build bridges, even where there are no rivers.

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.

Having the understanding of God, God’s ambassadors are able to bring a country out of crisis, change politics, business and economy

All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent.

New Rule: Americans must realize what makes NFL football so great: socialism. That's right, the NFL takes money from the rich teams and gives it to the poorer one...just like President Obama wants to do with his secret army of ACORN volunteers. Green Bay, Wisconsin, has a population of one hundred thousand. Yet this sleepy little town on the banks of the Fuck-if-I-know River has just as much of a chance of making it to the Super Bowl as the New York Jets--who next year need to just shut the hell up and play.Now, me personally, I haven't watched a Super Bowl since 2004, when Janet Jackson's nipple popped out during halftime. and that split-second glimpse of an unrestrained black titty burned by eyes and offended me as a Christian. But I get it--who doesn't love the spectacle of juiced-up millionaires giving one another brain damage on a giant flatscreen TV with a picture so real it feels like Ben Roethlisberger is in your living room, grabbing your s

If we do not fix education in Africa, we are heading for monumental economic disaster.

He who will not economize will have to agonize.

Making a product is just an activity, making a profit on a product is the achievement.

Just like how most if not all poor boys look up to and aspire to someday be rich men, most if not all underdeveloped and developing countries look up to and aspire to someday be developed countries.

The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous.

Bigotry hurts the economy, so the next time you want to blame minorities for your problems, first take a look in the mirror.

No matter how many toys we amass we leave them behind when we die, just as we leave a broken environment, an economy that only benefits the richest, and a legacy of empowering greed over goodness. It is now time to commit to following a new path.

Products produced cheaply create ugly work lives and ugly households and ugly communities. Profits produced quickly cannot purchase patience and care. Patience is beautiful. Restraint and care are beautiful. Peace is beautiful. A small, diversified organic farm is beautiful.

One reads the truer deeper facts of Reconstruction with a great despair. It is at once so simple and human, and yet so futile. There is no villain, no idiot, no saint. There are just men; men who crave ease and power, men who know want and hunger, men who have crawled. They all dream and strive with ecstasy of fear and strain of effort, balked of hope and hate. Yet the rich world is wide enough for all, wants all, needs all. So slight a gesture, a word, might set the strife in order, not with full content, but with growing dawn of fulfillment. Instead roars the crash of hell...

All ponzi schemes are upheld by a centripetal force caused by those orbiting the circles of power, celebrity and wealth and trying to get in. When the ponzi scheme reaches its point of maximum growth, the force disperses and the ponzi scheme collapses.

Nature's design is fully economical. Human design follows this model when it minimizes information and maximizes understanding.

Look, girls know when they’re cute,” he said. “You don’t have to tell them. All they need to do is look in the mirror. I have one friend out in New York, an attorney. She moved out there after the school year to take the bar. She doesn’t have a job. I was like, ‘How are you going to get a job there in this market?’ And she’s like, ‘I’ll wink and I’ll smile.’ She’s a pretty girl. Whether that works despite her poor grades is yet to be seen.

They only let us live in millions for the sake of the economy. I don't know what will happen by the time they figure out how to run the economy without the people

In today's society conformity is more of a necessity than an option.

A problem with global reasons cannot effectively be met with local measures.

What will we be doing, when everything that can be done, can be done better by robots?

We are precarious. Which is to say some good things (accumulation of diverseknowledges, skills and abilities through work and life experiences in permanentconstruction), and a lot of bad ones (vulnerability, insecurity, poverty, socialexposure).

I don't know which I hate most my bills or the money I pay them with...