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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 HudsonI believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.
Vladimir PutinThe chief moral obligation of the 21st Century is to build a green economy that is strong enough to lift people out of poverty. Those communities that were locked out of the last century's pollution-based economy must be locked into the new, clean and renewable economy. Our youth need green-collar jobs, not jails.
Van JonesNow we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There was extraordinary investment in technology. The dominant questions now are less how to do it better, how to manage better, how to make the economy better, than how to have fuller and more meaningful lives. Because the irony is, now that we've come through this great transition, even though our organizations and our people are extraordinarily productive, many feel that the nonwork side of life is very thin.
Robert ReichTrump'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 PenceA truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.
Walter WristonThe whole economy would be much healthier if it would transition to an asset-based economy rather than a credit-based one.
Rick JoynerI 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 SandlinDespite its increased dependence on the international economy, America continues to behave as if it were either a closed economy or the leader whom everyone else should automatically follow.
Robert GilpinCapitalism is very far from a perfect system, but so far we have yet to find anything that clearly does a better job of meeting human needs than a regulated capitalist economy coupled with a welfare and health care system that meets the basic needs of those who do not thrive in the capitalist economy. If we ever do find a better system, I'll be happy to call myself an anti-capitalist.
Peter SingerEven the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
Henry David ThoreauI certainly wouldn't say that we loved the arms race. Trillions of dollars were used to stoke it. For our economy, which was smaller in size than the American economy, it was a burden. But one cannot agree with the statement that the arms race played the key role in the collapse of the Soviet Union.
Mikhail GorbachevIndian economy is suffering from policy paralysis and lack of optimism. I am confident that with right kind of decisions, we can once again generate hope and confidence and turnaround our economy.
Narendra ModiThe median family income in the U.S. is lower than it was a quarter-century ago, and if people don't have income, they can't consume, and you can't have a strong economy. There's significant risk - actually it's no longer a risk - a significant likelihood of a marked slowdown not only in China, but also in a lot of other countries like Brazil, which is in recession. All of the other countries that depend on commodities, including Canada, are facing difficulties. So it's hard to see a story of a strong U.S. economy.
Joseph StiglitzAmerica is the most powerful economy in the world. We're an $18-trillion-dollar economy.
John F. KerryThe nation that leads the clean energy economy will be the nation that leads the global economy.
Barack ObamaI think this is a moment of a lot of possibilities, and openings. Occupy and the 99% movement are really going to break through, and we are going to create a new economy, an economy that we need that works for everyone. Where everyone works, everyone counts and everyone contributes.
Ai-jen PooAll of the easy oil is gone and what's left is requiring more energy and money and this has an effect on everything. Our problem is that we've created an infrastructure that's so dependent on oil. As oil becomes more expensive we're going to be locked into the transportation modes that our economy depends on. So we really need to start building an alternative economy before we get caught in a trap of our own making.
Richard HeinbergBut can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
Nick HanauerI think most people, when they take a look at the candidates and the positions of the candidates, realize that protecting this country and keeping this economy going are the two most important issues. And you can't protect the country if you retreat from overseas, and you can't keep the economy growing if you raise taxes. And that's exactly what the Democrats in the House would like to do.
George W. BushThe Chinese economy is growing at the rate of 9 percent; the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.
Manmohan SinghThe Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.
Manmohan SinghWhen 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 EmersonIn my book Radical Reform I made it clear that we cannot talk about the environment or ecology if we don't also deal with the economy. There is a direct link between how we deal with the economy and how we deal with nature.
Tariq RamadanThe economy of communism is an economy which grows in an atmosphere of misery and want.
Eleanor RooseveltFrugality and economy are virtues without which no household can prosper. Whatever the income, waste of all kinds should be most sternly repressed ... Economy and frugality must never, however, be allowed to degenerate into meanness.
Isabella BeetonA 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 DoleThere 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 BonnerI 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 ObamaOur economy is on the move and we are creating thousands of new jobs, but we need to keep our foot on the gas pedal.
Mitt RomneySince achieving their independence in 1992, the people of Croatia have built a democratic society based on the rule of law, respect for human rights, and a free market economy.
Elton GalleglyIssues are won based upon whether or not you can keep this economy strong; elections are won based upon economic issues and national security issues.
George W. BushIf you like small government you need to work hard at having a strong national defense that is not so militant. Personal liberty is the purpose of government, to protect liberty - not to run your personal life, not to run the economy, and not to pretend that we can tell the world how they ought to live.
Ron PaulWhat in the rising man was industry and economy, becomes in the rich man parsimony and avarice.
Sarah Josepha HaleI think a lot of concern of the people in the north is that one hears constant reports in talking to them is about militarisation and the presence of the army, the entry of the army into civic life, into the economy, the lack of a political settlement.
Paikiasothy SaravanamuttuThe only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed.
Jim StanfordSocialist economy cannot reject the huge advantages of the world division of labor: on the contrary, it will carry it to the highest development. But in practise, it is not a question of the future socialist society, with an established internal equilibrium, but of the given technically and culturally backward country which in the interests of industrialisation and collectivization is forced to export as much as possible in order to import as much as possible.
Leon TrotskyWe 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 NaisbittThere is a theory that basically says that we can shred regulations and consumer protections and give more and more to the most, and somehow prosperity will trickle down. It hasn't worked. And I think that the fundamentals of the economy have to be measured by whether or not the middle class is getting a fair shake.
Barack ObamaRelations of power "are indissociable from a discourse of truth, and they can neither be established nor function unless a true discourse is produced, accumulated, put into circulation, and set to work. Power cannot be exercised unless a certain economy of discourses of truth functions in, on the basis of, and thanks to, that power."
Michel FoucaultIf we want to make the best products, we also have to invest in the best ideas... Every dollar we invested to map the human genome returned $140 to our economy... Today, our scientists are mapping the human brain to unlock the answers to Alzheimer's... Now is not the time to gut these job-creating investments in science and innovation. Now is the time to reach a level of research and development not seen since the height of the Space Race.
Barack Obama