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So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?
Michael HudsonWe can't have extraordinary dynamism, innovation, and change in the economy and expect to have predictability and stability in our personal lives. It's not as if there are these big, giant institutions existing between us and the economy. In fact, these institutions have become tissue-thin. There is no mediation anymore. We are the economy; the economy is us.
Robert ReichYes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
Manmohan SinghIf you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then the change in debt each year should contribute a minor amount to demand. Therefore, if you tried to correlate debt to the level of unemployment you would not find much of a correlation. Unfortunately that is not the economy we live in.
Steve KeenLegalized drugs would cause dislocations in the US economy - the prison industry for example and tens of billions spent annually on drug enforcement. But because the US economy is so large, this would be a minor blow, hardly as severe as the ultimate nightmare for the US economy, global peace, which would shutter its death industry commonly called the military/industrial complex.
Charles BowdenEconomy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love.
Morihei UeshibaI think the reason that the Trump economic agenda is beneficial is, he is doing the right things. He wants to see growth, he wants to see to lower taxes, he wants to see this cash pile sitting outside the US return to the US. All of these things I think will be good for the US economy, and as I've said, if the US economy grows, the global economy benefits hugely.
Martin GilbertI've always taught that a poor economy is the best opportunity for salespeople because the naysayers and grumblers have already given up, leaving more territory, more opportunities to be successful than in a good economy when virtually all salespeople are out there, giving it their best.
Zig ZiglarYou and I and almost all Americans are beneficiaries of the new economy. But we are also losing parts of our lives to the new economy - aspects of our family lives, our friendships, our communities, ourselves.
Robert ReichTo change our national economic story from one of financial speculation to one of future growth, we need a third industrial revolution: a green revolution. It will transform our economy as surely as the shift from iron to steel, from steam to oil. It will lead us toward a low-carbon future, with cleaner energy and greener growth. With an economy that is built to last - on more sustainable, more stable foundations
Chris HuhneI voted against the climate-change legislation. Not that I don't believe we should move to a clean-energy economy, and it can be good for South Dakota's economy to do so, but it was started out as a very partisan bill in the committee.
Stephanie Herseth SandlinWe are facing incredible challenges in the economy of the U.S. and the economy of the globe, but the stock market, we never know whether it's over-discounted or under-discounted or got exactly right its anticipation.
John C. BogleIn the name of economy a thousand wasteful devices would be invented; and in the name of efficiency new forms of mechanical time-wasting would be devised: both processes gained speed through the nineteenth century and have come close to the limit of extravagant futility in our own time. But labor-saving devices could only achieve their end-that of freeing mankind for higher functions-if the standard of living remained stable. The dogma of increasing wants nullified every real economy and set the community in a collective squirrel-cage.
Lewis MumfordThere's no way you can grow an economy with that, with that many people not working and not paying taxes, you can have any kind of government solvency, you can't have any kind of growing economy, which is exactly what the Democrats want, by the way. Much better for the Democrats that you don't work. The more you work, the less dependent on them you are. If this sounds hideous, I'm sorry, it's true.
Rush LimbaughTrickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.
Greg FitzsimmonsThere are many issues in the global economy in general and in the western economy as well: population ageing, drop in labour productivity growth rates. This is obvious. The overall demographic situation is very complicated.
Vladimir PutinSometimes if your only approach is cutting spending at a time when the economy's contracting, then the economy will contract further.
Barack ObamaThe economy is not an abstraction. The economy consists of people, and it will only grow if people feel secure and are reasonably free.
John BrutonRising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.
Adair Turner, Baron Turner of EcchinswellEmbracing a low carbon economy will be as momentous as the previous industrial revolutions. As the shift from coal to oil did. And the shift from gas light to electric light. It has the potential to give us the competitive edge in the new global economy. The scale of the challenge is extraordinary. We will need to reinvent in the way we live our lives, the way our world works
Charles HendryI wouldn't necessarily assume that because Capricornia has traditionally been a Labor seat, that it'll go back to the Labor Party this time because the big issue in Capricornia which is based on the city of Rockhampton is the fact that the economy is - the regional economy is in a poor shape as a result, in particular of the decline of the mining industry and they are looking to the Carmichael mine, the Adani project as containing all of the prospects that they see for their future and that is why people in Rockhampton are very, very fearful of a Labor-Greens government.
George BrandisWe may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
Alan GreenspanWhen the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.
Paul SamuelsonI'm running for president, because as I go around this nation, I talk to a lot of people. And what I hear is people's concern that the economy we have is a rigged economy.
Bernie SandersLet us learn the meaning of economy. Economy is a high human office,--a sacrament when its aim is grand, when it is the prudence of simple tastes, when it is practised for freedom or for love or devotion.
Ralph Waldo EmersonGeographically, the global economy is now multi-polar , as new centres of production have emerged in parts of what had been, historically, the periphery of the world economy. The world is now more accurately described as a 'mosaic of unevenness in a continual state of flux'.
Peter DickenWe've got some fundamental choices to make about the kind of country we want to be. Will we accept an economy where only a few of us do spectacularly well, or are we going to build an economy where everyone who works hard has a chance to get ahead?
Barack ObamaProgress starts with envisioning a new (yet old) lifestyle with the home as central to all aspects of life-work and leisure, food and energy. So, real progress means bringing the economy, beginning with the food economy, home again.
Jules DervaesThere are jobs to be created on both sides of the climate argument. Whether we are investing in oil or sun, coal or wind, gas or algae, the economy will be stimulated by the investment. The economy, unlike each of us, is not swayed by ideology.
Evangeline LillyA person who undertakes to grow a garden at home, by practices that will preserve rather than exploit the economy of the soil, has his mind precisely against what is wrong with us... What I am saying is that if we apply our minds directly and competently to the needs of the earth, then we will have begun to make fundamental and necessary changes in our minds. We will begin to understand and to mistrust and to change our wasteful economy, which markets not just the produce of earth, but also the earth's ability to produce.
Wendell Berry70 to 80 percent of country economy is controlled by the Bolivian state, and the other percentage by the private sector. We admit that it's legal, constitutional, that the private sector is entitled to its own economy, but to ensure these profound changes that clearly this government is promoting, including profound changes in the food industry, what we are doing is an important step.
Evo MoralesYou know, the elites always want to shame the poor - right? - and everyone else. I mean, the fact is, this economy is based on 70 percent of the people driving consumer demand. If people do not purchase goods and services, this economy will grind to recession. And that is why, if you are going to do a tax cut, it ought to really be aimed at low-income and middle-income people.
Keith EllisonIt is eminently possible to have a market-based economy that requires no such brutality and demands no such ideological purity. A free market in consumer products can coexist with free public health care, with public schools, with a large segment of the economy -- like a national oil company -- held in state hands. It's equally possible to require corporations to pay decent wages, to respect the right of workers to form unions, and for governments to tax and redistribute wealth so that the sharp inequalities that mark the corporatist state are reduced. Markets need not be fundamentalist.
Naomi KleinMy biggest disappointment was, of course, the coup attempts, ... The economy was proceeding very well, but in 1989 we had the most serious coup attempt and ... many of the investors who were set to come here had to tell me that they chose to go to other countries because of the uncertainty brought about by (the coup attempt.) If that had not happened, I'm sure our economy would just be booming today.
Corazon AquinoThe truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.
Ludwig von MisesWe hear the stories every day now: the father who puts on a suit every morning and leaves the house so his daughter doesn't know he lost his job, the recent college grad facing up to the painful reality that the only door that's open to her after four years of study and a pile of debt is her parents'. These are the faces of the Obama economy.
Mitch McConnellThe reality is that our economy now consists of driving 250 million vehicles around the suburbs and malls and eating fried chicken. We don't manufacture much. We just burn up ever scarcer petroleum in the ever-expanding suburbs built with mortgage money lent to people who haven't a clue.
Joe BageantWe know that communism is the right hypothesis. All those who abandon this hypothesis immediately resign themselves to the market economy, to parliamentary democracy-the form of state suited to capitalism-and to the inevitable and 'natural' character of the most monstrous inequalities.
Alain BadiouWhat in the rising man was industry and economy, becomes in the rich man parsimony and avarice.
Sarah Josepha HaleTo a certain extent I don't see any real need for socialism in the United States immediately, but things change and it may be that there will come a need for partial changes in our economy.
Eleanor RooseveltFor chat-room tyros who expect to make their first million day-trading by age 27, paging through the Sunday newspaper with a pair of scissors just to save a couple of cents on Cheetos seems so, well, old economy.
Alex BerensonThe U.S. couldn't play a military role in different areas like Iraq and Afghanistan without huge quantities of oil. So a shortage or disruption in oil would not only damage the U.S. economy; it would undercut American military supremacy.
Michael KlareI promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.
Lawrence SummersPeople have a hard time accepting free-market economics for the same reason they have a hard time accepting evolution: it is counterintuitive. Life looks intelligently designed, so our natural inclination is to infer that there must be an intelligent designer--a God. Similarly, the economy looks designed, so our natural inclination is to infer that we need a designer--a government. In fact, emergence and complexity theory explains how the principles of self-organization and emergence cause complex systems to arise from simple systems without a top-down designer.
Michael ShermerI believe that women are rising to the occasion to tackle many challenges. Whether it's issues that relate to prosperity, the defense of country, the economy of our country; issues that have traditionally been considered women's issues like health and education and the environment are now being defined in terms of our national strength. So I think women have made a big difference in putting things in perspective.
Nancy Pelosi