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Economy Quotes


"High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel."


"We've set aside tens of millions of acres of those northwestern forests for perpetuity. The unemployment rate has gone not up, but down. The economy has gone up."


"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."


"A laborer no longer makes whole articles. He receives raw materials, puts his touch on them, and passes them to another worker in the series. When the articles are quite finished they are carried out of sight by currents of commercial exchange. These currents are untraceable."


"This erosion of the middle class is happening all over the place. The opening of a wider gap between rich and poor is always accompanied by such a process."



"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."


"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."



"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."


"In the United States, oil demand is projected to grow by 340,000 barrels per day this year and gasoline demand is projected to grow nearly two percent, averaging 9.3 million barrels per day for the summer."



"One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world."


"I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs."


"Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy."


"Everybody is talking today about the economy."


"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."


"You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit."


"The exchangeable value of all commodities, rises as the difficulties of their production increase."


"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."


"Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs."


"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."


"If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain."


"I believe that we must understand the economy of the situation."



"Anyone who's tried to pay a heating bill, fill a prescription, or simply buy groceries knows all too well that the current minimum wage does not cut the mustard."


"The shell fishing industry represents a major part of Louisiana's economy."



"Ohio is one of only two states that have a minimum wage below the federal level of $5.15 an hour."


"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen."


"Everyone is always in favour of general economy and particular expenditure."


"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."


"In Washington State, the immigrant population has grown by 42 percent in the five years between 2000 and 2005 - which is an increase from 8 percent to 10.6 percent of the overall population - and the jobless rate in the state has hit a 6 year low."


"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."


"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."


"Americans don't think we should be raising taxes on anybody, especially in the middle of a recession."



"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."


"Borrowing and spending is not the way to prosperity."


"The only function of economic forecasting is to make astrology look respectable."


"As the economy grows, so will the demand for energy."



"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."



"Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets."


"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."


"The premise is simple: One economy and one environment, and they're interdependent."


"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.""


"You have to wait six months to purchase a fuel efficient automobile made from overseas."


"Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects."


"We should be able to support our own economy within our own borders."



"Since its founding in 1854, Penn State has proven to be a leading institution of higher learning."


"The Roaring Twenties were the period of that Great American Prosperity which was built on shaky foundations."


"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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