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"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today."
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"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."
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Personal Development
"And it will often happen that a man with wealth in the form of coined money will not have enough to eat, and what a ridiculous kind of wealth is that which even in abundance will not save you from dying with hunger!"
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Personal Development
"Market economy favors the have against the have not."
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Personal Development
"They only let us live in millions for the sake of the economy. I don't know what will happen by the time they figure out how to run the economy without the people."
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Personal Development
"But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses."
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Personal Development
"Economics is extremely useful as a form of employment for economists."
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Personal Development
"My first priority is growing this economy in the long term, and stimulating it in the short term."
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Personal Development
"Our growing, robust economy is able to provide the average American citizen access to the best social program there is - a steady job."
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Personal Development
"Know that each acre of fallow ought to support yearly two sheep at the least, then a hundred acres of fallow can support two hundred sheep, two hundred acres, four hundred sheep and so on."
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Personal Development
"The ways by which you may get your money almost without exception lead downward. To have done anything by which you earn money 'merely' is to be truly idle or worse. If the labourer gets no more than the wages which his employer pays him, he is cheated, he cheats himself.. If I should sell both my forenoons and afternoons to society, as most appear to do, I am sure that for me there would be nothing left worth living for.. You must get your living by loving."
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"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today."
Economy
"Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly."
Economy
"We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation."
Gain
"I think that over the last few decades, we have seen better economic outcomes than in the past."
Past
"A second reason why science cannot replace judgement is the behavior of financial markets."
Science
"But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988."
Economy
"Domestic inflation reflects domestic monetary policy."
Policy
"To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world."
Finance
"We are particularly poor at the open economy issues."
Economy
"The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product."
Power
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