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Legalized 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 BowdenThere is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one of the factors contributing to rising oil prices - which meant Americans were spending money on imported oil, rather than on things that would stimulate the american economy. Hiring Nepalese contractors in Iraq, moreover, doesn't stimulate the American economy in the way that building a school in America would do - and obviously doesn't have the long term benefits.
Joseph StiglitzRight now we have an economy in trouble, and someone who spent their career in the economy is more suited to help fix the economy than someone who spent his life in politics and as a community organizer.
Mitt RomneyIf we attempt to preserve the consumer economy indefinitely, ecological forces will dismantle it savagely. If we proceed to dismantle it gradually ourselves, we will have the opportunity of replacing it with a low consumption economy that can endure.
Alan Thein DurningWorld War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.
Joseph StiglitzYou want a political culture that works to create conditions under which an economy can thrive? Since signing the Oslo Accords with the Palestinians, Israel has spent two decades working to unshackle its economy from its socialist roots, with remarkable results.
John PodhoretzWe're the richest economy in the history of the world. For the majority of Americans not to get the benefits of this extraordinarily prosperous economy, there's something fundamentally wrong.
Robert ReichAmerica'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 HastertIf you surrender everything to the government and give it total power to plan the whole economy, this will not guarantee your economic security, but it will guarantee the descent of the entire nation to a level of miserable poverty--as the practical results of every totalitarian economy, communist or fascist, have demonstrated.
Ayn RandEngineers do engineering, i.e. they build bridges. So engineering needs engineers. The economy does NOT need economists. Economists do not make economy, but they try it and that is why we have so much problems with some financial models.
Steve KeenWe have to remember we're in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies, but to help the global economy as well, and that's why it's so critical that measures in those packages avoid anything that smacks of protectionism.
Stephen HarperThere'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 LimbaughI mean, you can't have advertising be the only official business of the information economy if the information economy is going to take over.
Jaron LanierTechnology fuels economy, unfortunately in todayโs world itโs the fuel that drags economy
Yatin PatelThe experience of previous years leads to one conclusion: there is one morality in politics and another for economy. In the years since 1989, the morality of the economy has fully prevailed over the ethics of politics and democracy.
Alexis TsiprasI was not part of the golden age of the record industry, when musicians and producers were making real money. So I have no nostalgia about that time and I enjoy trying to build a new economy, a more humble one. And since I expect to sell only niche music, I feel quite solid, in this little economy. I know we will not become rich with this, but this is not the goal.
Gaspar ClausThe fact of the matter is, this is a very dynamic economy we have, and in this dynamic economy, you have a lot of job gains, but you also have job loss.
Alexis HermanI find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
Charlie MungerGoldman Sachs was one of those companies whose illegal activity helped destroy our economy and ruin the lives of millions of Americans. But this is what a rigged economy and a corrupt campaign finance system and a broken criminal justice is about. These guys are so powerful that not one of the executives on Wall Street has been charged with anything after paying, in this case of Goldman Sachs, a $5 billion fine.
Bernie SandersGrowing 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 OlmertThere's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Ben BernankeHealth 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 LimbaughMoney has to undergo a metamorphosis again, it has to relinquish its role in the market economy and engage in an economy of capacities. Then we would be concerned with human creative productivity. And we would come full circle, since each human being can then act within his company as co-creator of the future, can - in full dignity - contribute to shaping this future.
Joseph BeuysI 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 RomneyI think capitalism will not disappear, but it's going to increasingly not be the exclusive arbiter of economic life. It's going to have to find value in interacting with the sharing economy on many levels. And this hybrid system that's already emerging among millennials is going to be a mature system where, by midcentury, part of the day will be in the capitalist market, part of the day in the sharing economy, depending on your marginal costs.
Jeremy RifkinPeople are are moving away from the fossil fuel-based economy, to a more renewable economy. That is what is called the 'transition town' movement. There are three hundred towns in Britain that are making this transition. Taking energy from solar power, from wind power, from water power.
Satish KumarThere 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 HudsonWhat do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.
Michael HudsonThe military has a huge role in the economy [of Pakistan] with big stakes and, as you say, it has constantly intervened to make sure that it keeps its hold on policy making. Well, I hope, and there seem to be some signs, that the military is taking a backseat, not really in the economy, but in some of the policy issues. If that can continue, which perhaps it will, this will be a positive development.
Noam Chomskyhy is it you can impose a new tax and keep your economy growing? Only if you cut other taxes by exactly the same amount. The problem with carbon taxes around the world has been you dump a new tax onto the economy and it's just adding more tax.
Christy ClarkGlobal warming threatens our health, our economy, our natural resources, and our children's future. It is clear we must act.
Eliot SpitzerEvery 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 DouglasHughes' debut novel, At Dawn, follows a former All-American wrestler, and is there any better metaphor for contemporary American life? We're all wrestling, tussling with the economy, no jobs, doing the best we can. Hughes doesn't flinch from the tough existential questions. He embraces them.
Joshua MohrIt has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate.
Mark ZandiI 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 ObamaWhat in the rising man was industry and economy, becomes in the rich man parsimony and avarice.
Sarah Josepha HaleSocialist 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 TrotskyI believe that without looking at each other as rivals or as competitors, in a democratic India, operating in the framework of an open economy, an open society has, I think, some significance for developing countries, not only in Asia but outside Asia.
Manmohan SinghWomen who earn a certificate or degree from a community college, especially in STEM-related field, will be ready to move into a good-paying job in the growing global economy. Community colleges also offer mentorship and support that goes far beyond the classroom.
Jill BidenRelations 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 FoucaultI'm obviously aware that people are quite focused on the economy rather than foreign policy issues, but that is something that should and can be altered as people see the nature of the threats around the world that we face.
John BoltonI 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 SummersJP 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 DimonBeside the two wars he inherited in Iraq and Afghanistan, and promised to end, a financial crisis at home had pushed the United States to the brink of another Great Depression. When we spoke with the new president in March of 2009, the economy was losing 800,000 jobs a month, the government was throwing hundreds of billions of dollars at failing banks, and the auto industry was on the verge of collapse. Politically pummeled from all sides, Obama did his best to keep a sense of humor.
Barack Obama