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Economy Quotes


"As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity."


"The U.S. - E.U. economic relationship dwarfs America's economic ties with China."


"The commerce of India does not grow, nor does that of Portugal, or of Turkey; that but that of the protected countries does increase, as has been shown in the case of Spain, and can now be shown in that of Germany."


"The aristocracy of Western Europe has absolutely tabooed silver in those countries and driven it away from there. Here it finds its only resting place."


"The reality is that during the Reagan years, for instance, we doubled the amount of revenue that we were sending to Washington, D.C. after the tax cuts took effect."


"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."



"This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it."


"The number of electrical injuries cared for in hospitals in the US is estimated at as many as 50,000; the cost of these injuries on the US economy is estimated at over one billion dollars per year."


"I suggest to you that increasing the size of America's economic pie - which can be achieved only if everybody has a seat at the table - is the most important challenge facing our country today."


"Borrowing from Peter to pay Paul."


"For the good of our environment, the good of the economy, and the good of the Nation, I strongly urge support of the upper Mississippi locks and dams project."


"My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics."


"Today's gasoline prices are taking a severe toll on Americans' pocketbooks. Consumers are anxious."



"This is the problem for which revolutionary theory has yet to find the right solution, if there is one. The difficulty is that the economic interests of the two classes are antagonistic."



"My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals with information as an economic variable, both as to its production and as to its use."


"But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses."



"The New Deal was going to redistribute the national income according to ideals of social and economic justice."


"Trade can really be good for American workers and American businesses."


"The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement."


"Frivolous lawsuits are booming in this county. The U.S. has more costs of litigation per person than any other industrialized nation in the world, and it is crippling our economy."


"Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight."


"You saw my leg?'How can a man help what he sees?' he said. 'And, if I could add, you possess a very fine leg."


"With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that."



"So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices."


"But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation."


"We believe that the world, too, can destroy apartheid, firstly by striking at the economy of South Africa."



"The more dynamic the capitalistic expansion, the greater the disparity. It is from the disparity that we are going to get all the political upheaval for the next few years."


"Our port facilities should have the freedom to levy a market-based container fee which will provide new revenue and make our system more equitable to the American taxpayer and American manufacturers."


"To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke."


"When I became governor, spending actually increased 28 percent my first term. Revenue increased 42 percent my first term without raising anybody's taxes. We did it because we had more taxpayers with more taxable income. That's how you get the revenue up. We did that without raising anybody's taxes."


"Advances have fallen, generally, for everything except the biggest potential bestsellers. Given all the changes, both economic and technological, SF hasn't done too badly."


"For me a poem has to sing out of itself and the lilt of it carries the magic."


"By keeping the annuities, we could build up a national industry every years as big as the Shannon Scheme."


"The bill that job creators and out-of-work Americans need us to pass is the one that ensures taxes won't go up - one that says Americans and small-business owners won't get hit with more bad news at the end of the year."


"Journalism students need to understand it and need a solid background in the liberal arts, in sociology, economics, literature and language, because they won't get it later on."


"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States."
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