Quotes about the Economy
Most popular the economy quotes
The wealth effect is the extent to which consumer spending is goosed upward due to increases in stock prices. Of course it exists, but to what extent? I made a speech a while back in which I said that the wealth effect is greater than economists believe. I still say this.
I think democracies are prone to inflation because politicians will naturally spend—they have the power to print money and will use money to get votes.
I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.
I think the hydrocarbon reserves in the United States are one of the most precious things we have, every bit as precious as the topsoil of Iowa. Just as I don't want to export all the topsoil in Iowa to Iran or someplace, just because they are willing to give us some money, I love the hydrocarbon reserves we have in the ground. The fashion is to be independent and to use them up as fast as we can. I think that's insanity as a national policy.
If I were running the world I would have low corporate taxes, and get at the yearning for equality some other way, like consumption taxes.
After the South Sea Bubble, Britain outlawed public corporations—only private ones allowed. And they led the world for 100 years. A modest amount of liquidity will serve the situation. Too much liquidity will hurt human nature. I would never be tenured if I said that. But I'm right and they are wrong.
Pundits are asking why President Trump is starting trade disputes when the economy is doing well. Answer: That's the best time to do them. Lowest short term cost (pain) and substantial long term upside potential.
Family farms and small businesses are the backbone of our communities.
For a lot of people, the weekly paycheque is 'take-home pay' because home is the only place they can afford to go with it.
For all of its faults, capitalism gives most hardworking people a chance to improve themselves economically, even as the deck is stacked in favour of the privileged few. Here are the choices most of us face in such a system: Get bitter or get busy.
Government in the US today is a senior partner in every business in the country.
To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.
Racial injustice, war, urban blight, and environmental rape have a common denominator in our exploitative economic system.
