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Economy Quotes
"Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets."
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"Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy."
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"Furthermore, the unearned increment from land appears in the United States as a gain to the first comers, who have here laid the foundations of a new State."
28
"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed."
27
"You have to wait six months to purchase a fuel efficient automobile made from overseas."
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"Instead of saying that globalization is a fact, that it's inevitable, we've also got to demonstrate that while the growing interdependence of the world economy is indeed a fact, it's not uncontrollable."
26
"If you've got unemployment, low pay, that was just too bad. But that was the system. That was the sort of economy and philosophy against which I was fighting in the 1930s."
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"A $1.7 billion average increase in electricity costs is estimated to result in a $1.3 billion decrease in personal income and a loss of 13,000 more jobs in the region."
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"As the economy grows, so will the demand for energy."
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"Over 30 years ago, Airbus was founded by a European consortium of French, German, and later Spanish and British companies to compete in the large commercial aircraft industry with U.S. companies."
26
"Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation."
25
"This paper was one of my digressions into abstract economics."
25
"Spending on programs such as national defense and funding the operating budgets of all federal agencies represent only 39 percent of our yearly budget, an all-time low."
25
"Our whole economy is based on planned obsolescence, and anyone who can read without moving his lips should know it by now."
25
"The only function of economic forecasting is to make astrology look respectable."
25
"Clean drinking water not only means better health but also ensures stronger growth of the economy. When the water table rises, the quality of the water and quality of life improves.""
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"I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now."
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"A lot of these industries are having difficulty finding reliable workers with the skills they require."
25
"We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium."
24
"Much of what is called investment is actually nothing more than mergers and acquisitions, and of course mergers and acquisitions are generally accompanied by downsizing."
24
"Ohio is one of only two states that have a minimum wage below the federal level of $5.15 an hour."
24
"You cannot bring about prosperity without discouraging thrift."
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"Telephones are a virtual necessity - not a luxury - and the revenues collected by this tax flow into the general fund. But this once temporary tax remains and costs American taxpayers, our small businesses and families almost $6 billion dollars a year."
24
"As for the expected boon to the Mexican economy, we have seen none of these gains, and instead we have seen NAFTA's detrimental impact on the Mexican workers."
24
"If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession."
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"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
24
"China is crippling our manufacturing economy and eliminating our jobs by illegally flooding our markets."
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"Our national security is at risk when we rely on foreign oil to keep our economy moving forward."
24
"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."
23
"You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit."
23
"We are moving toward a global economy. One way of approaching that is to pull the covers over your head. Another is to say: It may be more complicated - but that's the world I am going to live in, I might as well be good at it."
23
"A strong economy depends on a strong middle class, but George Bush has put the middle class in a hole, and John McCain has a plan to keep digging that hole with George Bush's shovel."
23
"All 50 states had the same national economy. And on virtually any measurement you wish to look at, Michigan has moved up and improved against the others."
23
"So, there is enormous instability in the global economy with a shift of winners and losers."
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"I believe in some type of free market system. I just don't think you'll find an example of one completely free from government intervention."
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"The exchangeable value of all commodities, rises as the difficulties of their production increase."
22
"Cities are, first of all, seats of the highest economic division of labor."
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"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen."
22
"Since its founding in 1854, Penn State has proven to be a leading institution of higher learning."
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"The Roaring Twenties were the period of that Great American Prosperity which was built on shaky foundations."
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"Challenging unfairly subsidized products, fighting counterfeit goods and intellectual property theft and holding countries accountable for an unfair currency regime will help American companies remain competitive."
22
"The way things are going, we are not too far from the day when it will take an hour's labor just to pay for the gasoline to get to the job."
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