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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 ReichThe reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.
Rudy GiulianiFor complex reasons, our culture allows "economy" to mean only "money economy." It equates success and even goodness with monetary profit because it lacks any other standard of measurement. I am no economist, but I venture to suggest that one of the laws of such an economy is that a farmer is worth more dead than alive. A second law is that anything diseased is more profitable than anything that is healthy. What is wrong with us contributes more to the "gross national product" than what is right with us.
Wendell BerryThe impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the economy is quite modest. QE probably limited the initial collapse of the economy in 2008, and likely had a very small positive impact on economic growth, but its broader impact on jobs and growth in the economy seems not very big.
Gerald EpsteinEconomy 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 UeshibaOur economy will not prosper as long as it is monopolised (by the government). The economy must be rid of monopoly and see competition, it must be freed of insider speculation, be transparent, all people must be aware of the statistics. If we can bring transparency to our economy, we can fight corruption.
Hassan RouhaniThe nation as such is not a large subject that has needs, that works, practices economy, and consumes. . . . Thus the phenomena of โnational economyโ . . . are, rather, the results of all the innumerable individual economic efforts in the nation and . . . must also be theoretically interpreted in this light. . . .Whoever wants to understand theoretically the phenomena of โnational economyโ . . . must for this reason attempt to go back to their true elements, to the singular economies in the nation, and to investigate the laws by which the former are built up from the latter.
Ralph RaicoA proper community, we should remember also, is a commonwealth: a place, a resource, an economy. It answers the needs, practical as well as social and spiritual, of its members - among them the need to need one another. The answer to the present alignment of political power with wealth is the restoration of the identity of community and economy. (pg. 63, "Racism and the Economy")
Wendell BerryTrump'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 PenceYou 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 ReichIf you raise taxes on millionaires and billionaires, you'll do nothing to address the debt and the deficit. And the thing you might do is you might finally put this economy over another cliff. These millionaires and billionaires are the folks that try to create jobs and help grow the economy.
Joe WalshEntrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society โ and especially in the economy โ as doing something different rather than doing better what is already being done. This is basically what Say, two hundred years ago, meant when he coined the term entrepreneur.
Peter DruckerAmerica's economy is resilient, and I am confident that Republican pro-growth policies will continue to keep our economy growing - just as it has since after the September 2001 terrorist attacks.
Dennis HastertOur parents and grandparents understood this truth deeply. They believed - as we do - that to create jobs, a modern economy requires modern investments: educating, innovating and rebuilding for our children's future. Building an economy to last, from the middle class up, not from the billionaires down.
Martin O'MalleyObviously, 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 BerryIndia went through a dramatic revolution after the '90s when our economy started opening up for the first time and Indians were now experiencing the Western life, if you will. Drugs and sex and a lot of those influences came in as the economy stabilized, and we were growing up and experiencing that. The Indian writing market was very small at that time. Our literature was very attuned to what Western audiences were interested in, so everybody was writing about the slums in India and magic realism or stories about Hindus and Muslims and partition.
Karan BajajPeople ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.
Meg WhitmanThe government businesses, they all operate in the Tasmanian economy and as the economy strengthens the demand for services in those areas strengthens.
Peter GutweinI just think, realistically, there's a lot of room outside the Trump populist right and the Bernie-Sanders-Elizabeth-Warren populist left. There are a lot of us who believe in open trade, open borders, a dynamic forward-looking economy, not a nostalgic economy, but do want to provide a significant level of social service or sort of economic Milton Friedman foreign policy, Ronald Reagan domestic policy, Franklin Roosevelt. And there's a lot of room in the center.
David BrooksAs I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but also for a political economy of speed.
Paul VirilioI 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. BushWe need to deal with three things that are important: first, we need a very deep reconsideration of how we are dealing with the economy. Second, there must be a very deep reconsideration of our way of life. We cannot simply adopt American-style consumer culture. To Islamize that is to de-Islamize Islam.Thirdly, it is important for us to understand the economy and the environment are common challenges for everyone. This is where the singularity of Islamic principles needs to join the universal values that we share with others.
Tariq RamadanWe could have a greener economy, even a greener consumer economy by changing the rules - whether it's by taxing carbon or trading carbon, I'm not sure what - but in the end there's just a fundamental problem with the sheer amount we're consuming.
Michael PollanInstead of engaging in cutthroat competition, we should strive to create value. In economic terms, this means a transition from a consumer economy - the mad rush for ownership and consumption - to a constructive economy where all human beings can participate in the act of creating lasting worth.
Daisaku IkedaGrowing up in Israel, how can I not be an optimist? When you remember what Israel was 50 years ago and you see Israel now, one of the most successful countries in the world, stable, democratic, with an enormously stable economy despite everything that has happened in the global economy in the last few years, how can I not be an optimist?
Ehud OlmertWell, as you've said, we cannot expect the people of China not to want to progress, so if you have an opportunity to progress, to develop your economy to a world class economy, it's an aspiration that is natural and that, I welcome.
S. R. NathanI 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 RomneyThe only people benefiting in Iraq war are George Bush's Jr. friends in the oil industry. He has done the American economy and the global economy an enormous disfavor, but his Texan friends couldn't be happier.
Joseph StiglitzWhat is urgently needed is a bold new move from a consumer economy to a conserver economy in all of the developed countries, and particularly in the United States.
Richard J. FosterHaving seen a non-market economy, I suddenly understood much better what I liked about a market economy.
Esther DysonIn London - and forget those extra public pressures on politicians - the lovely old Sloane world of manor houses simply hasn't cut it since Big Bang in 1986, the point at which Mrs. Thatcher really started to achieve her ambition to make this country more like America - its ambition, economy, it's very tangible measures of success.
Peter YorkI am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
Albert EinsteinThe Master knows better than to exhaust His servants and quench the light of Israel. Rest time is not waste time. It is economy to gather fresh strength.
Charles SpurgeonWe have to stand up for these issues when it's tough, and that's what I've done. I did it when I was in the state legislature, sponsoring the Illinois version of the DREAM Act, so that children who were brought here through no fault of their own are able to go to college, because we actually want well-educated kids in our country who are able to succeed and become part of this economy and part of the American dream.
Barack ObamaI 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 ObamaSince 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 GalleglyIf 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 PaulThe whole of the global economy is based on supplying the cravings of two per cent of the world's population.
Bill BrysonI have serious concerns about whether it's prudent to give any foreign country substantial leverage over the U.S. economy. Instead of spending $80 billion on important programs here at home, we're sending this money overseas just to pay interest on our debt.
Tim JohnsonUniversity presidents should be loud and forceful in defending the university as a social good, essential to the democratic culture and economy of a nation. They should be criticizing the prioritizing of funds for military and prison expenditures over funds for higher education. And this argument should be made as a defense of education, as a crucial public good, and it should be taken seriously. But they aren't making these arguments.
Henry GirouxIs it not obvious that the more complex an economy, the more certainly will governmental control of productive effort exert a retarding influence?
Leonard ReadThrift is the really romantic thing; economy is more romantic than extravagance... thrift is poetic because it is creative; waste is unpoetic because it is waste... if a man could undertake to make use of all the things in his dustbin, he would be a broader genius than Shakespeare.
Gilbert K. ChestertonItโs being reported that the economy lost 95,000 jobs in September. And thatโs just people leaving the White House.
Jay LenoMy concern is that we live in an economy in which stabbing someone and waiting for them to complain before we remove the knife has become the normal way of doing business. When did we lose sight of the fact that it's not nice to stab people in the first place?
Simon SinekI 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