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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 Hudson... placing economic activity in the context of the whole earth requires attention to the question of scale. Bigger is obviously not better, so the optimum scale of human economy in relation to the total economy becomes basically a question of sustainability. When the effects of the economy on the environment undercut the possibility of its own continuance, the scale is too large.
John B. CobbTrump's vision for America parallels greatly with the vision that Ronald Reagan used and he implemented to revive the country during a very similar time where we had a president who told us that we were in a time of malaise in the American economy and that things are just gonna be that way for a while. Reagan steps up in that great first inaugural address and says, "And why shouldn't we dream great dreams? After all, we're Americans." And the American people came roaring back, the American economy came back.
Mike PenceThe white man is too intelligent to let someone else come and gain control of the economy of his community. But you will let anyone come in and take control of the economy of your community, control the housing, control the education, control the jobs, control the businesses, under the pre-text that you want to integrate. No, you outta your mind.
Malcolm XThe Russian economy is about the size of the Italian economy; it's very small, and Russia's military force is larger than it was, because Putin's been investing in it, but it still doesn't compare to that of the United States, and his reach and aim still don't compare.
Anne ApplebaumA market that's as open as possible is the precondition for a successful economy, and a successful economy is the precondition to being able to pay for social security.
Gerhard SchroderQualities not regulated run into their opposites. Economy before competence is meanness after it. Therefore economy is for the poor; the rich may dispense with it.
Christian Nestell BoveeObviously, if Christianity is going to survive as more than a respecter and comforter of profitable inquiries, then Christians, regardless of their organizations, are going to have to interest themselves in economy-which is to say, in nature and in work. They are going to have to give workable answers to those who say we cannot live without this economy that is destroying us and our world, who see the murder of Creation as the only way of life.
Wendell BerryThe government businesses, they all operate in the Tasmanian economy and as the economy strengthens the demand for services in those areas strengthens.
Peter GutweinBroadly speaking, Keynesianism means that the government has a specific responsibility for the behavior of the economy, that it doesn't work on its own autonomous course, but the government, when there's a recession, compensates by employment, by expansion of purchasing power, and in boom times corrects by being a restraining force. But it controls the great flow of demand into the economy, what since Keynesian times has been the flow of aggregate demand. That was the basic idea of Keynes so far as one can put it in a couple of sentences.
John Kenneth GalbraithGrowth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow.
Robert HeilbronerWe have created new idols. The worship of the ancient golden calf (cf. Ex 32:1-35) has returned in a new and ruthless guise in the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose. The worldwide crisis affecting finance and the economy lays bare their imbalances and, above all, their lack of real concern for human beings; man is reduced to one of his needs alone: consumption.
Pope FrancisEmbracing 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 HendryWhat's going on in this country? Unions stand against those trends. We've got to somehow insulate the robust American economy from this global economy that seems to want to devour our standard of living.
James P. HoffaAs people's access to the internet grows we're seeing the sharing economy boom - I think our obsession with ownership is at a tipping point and the sharing economy is part of the antidote for that.
Richard BransonThere's no easy way to say this, so I'ยยll just say it: We're no longer No. 1. Today, we're No. 2. Yes, it's official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.
Stephen F. HayesMy Prime Minister regards the economy as our highest priority and forgets that economics and ecology are derived from the same Greek word, oikos, meaning household or domain. Ecology is the study of home, while economics is its management. Ecologists try to define the conditions and principles that enable a species to survive and flourish. Yet in elevating the economy above those principles, we seem to think we are immune to the laws of nature. We have to put the โecoโ back into economics.
David SuzukiI was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.
Bill O'ReillyThe most important thing for small businesses is getting the economy back on its feet. That - the key driver of small business activity is demand for their product, and that is what we are trying to do, getting the economy back on its feet. That's far more important than other factors.
Peter R. OrszagHealth care is in as bad a shape as it has ever been after eight years of Barack Obama and the Democrat Party running it and running the US economy. It's an absolute disaster. Other areas of the economy are a disaster. Economic growth? There isn't any. It's 1% per quarter, a 4% growth rate per year if we're lucky. There is no expansion. There is no productivity increase.
Rush LimbaughA 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 BerryI would cap the amount of federal government can spend at 20 percent of the economy. Bring it back to 20 percent or lower. And say, we are not going to spend above that level. Democrats, they want to raise your taxes and spend more and more and turn us into an economy which is no longer driven by the private sector.
Mitt RomneyWe have made progress from where we were when President Obama took office, when the economy - our economy had just contracted almost by nine percent.
Mitt RomneyThere is a central difference between the old and new economies: the old industrial economy was driven by economies of scale; the new information economy is driven by the economics of networks.
Carl ShapiroLook at what Bush has done. The economy took an incredible hit after September 11. That was a huge shock to the economy. And we've recovered a lot quicker than we thought, thanks to Bush and his economic policy.
Christine O'DonnellI have three treasures which I hold and keep. The first is mercy; the second is economy. The third is daring not to be ahead of others. From mercy comes courage; from economy comes generosity; From humility comes leadership.
LaoziThere are lots of bad things that can happen to a food economy that's both extensive and centralized. There's no substitute for petroleum. To have a growth economy based on a declining fuel supply is bound to be stressful.
Wendell BerryThere are many ways to create economic suicide on a national level. The major way through history has been through indebting the economy. Debt always expands to reach a point where it cannot be paid by a large swathe of the economy. This is the point where austerity is imposed and ownership of wealth polarizes between the One Percent and the 99 Percent.
Michael HudsonThe economic freedom that made the U.S. economy the leader of the world has given way toa rigged, controlled, and regulated economy.
Bill BonnerAnything that drags down the American economy drags the Canadian economy down with it.
John IbbitsonEvery year the progress of advanced capitalist society makes our population consist of more and more isolates. This is because of the infrastructure of the economy, especially electronic communications.
Mary DouglasOur GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
John W. SnowDon't let anything like trees in the Clearwater National Forest get in the way of providing jobs and fueling the economy, even if that means cutting down every last tree in the state.
Helen Chenoweth-HageI want to reform the tax code so that it's simple, fair, and asks the wealthiest households to pay higher taxes on incomes over $250,000 - the same rate we had when Bill Clinton was president; the same rate we had when our economy created nearly 23 million new jobs, the biggest surplus in history, and a lot of millionaires to boot.
Barack ObamaI talk about going to his [George W. Bush's] Inauguration and crying when he took the oath, 'cause I was so afraid he was going to "wreck the economy and muck up the drinking water"... the failure of my pessimistic imagination at that moment boggles my mind now.
Sarah VowellWe have for the first time an economy based on a key resource [Information] that is not only renewable, but self- generating. Running out of it is not a problem, but drowning in it is.
John NaisbittFreedom is the very essence of our economy and society. Without freedom the human mind is prevented from unleashing its creative force. But what is also clear is that this freedom does not stand alone. It is freedom in responsibility and freedom to exercise responsibility.
Angela MerkelSanaz Minaei [business woman] shows a visitor a cooking class at one of her several companies and says the opportunities for Iran are huge if only the country can rejoin the global economy as promised.
Lourdes Garcia-NavarroFor an economy built to last we must invest in what will fuel us for generations to come. This is our history - from the Transcontinental Railroad to the Hoover Dam, to the dredging of our ports and building of our most historic bridges - our American ancestors prioritized growth and investment in our nation's infrastructure.
Cory BookerJP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.
Jamie DimonA lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.
Frederick W. SmithWe need more expensive gasoline to change consumer behavior," Mr. Jackson said. Otherwise, Americans will continue to favor big vehicles, not matter what kind of fuel-economy standards the government imposes on auto makers. Four dollars a gallon, he added, "is a good start.
Michael J. JacksonIn a globally integrated economy, the biggest challenge is to make sure there is adequate global aggregate demand, achieved through spending, when countries like China feel they must save high levels of dollar reserves to protect against international currency volatility.
Joseph Stiglitz