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Economy Quotes


"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."


"Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that."



"The worst thing that we could do is raises taxes. It would only hurt the economy."



"I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down."


"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."


"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."


"When certain branches of the economy become obsolete, as in the case of the steel industry, not only do jobs disappear, which is obviously a terrible social hardship, but certain cultures also disappear."


"Our "Make in India" initiative is not intended for only manufacturing for the domestic market or import substitution. It is as much about making world-class products and services for the whole globe."


"Energy consumption matters both to our environment and our economy."


"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."


"The rest is a mere matter of detail, to be settled with judgment, discretion, and caution."


"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."


"There is a state that is able to understand the demand in the economy. That state should use prices as an instrument for implementation of this understanding."


"Money is representative, and follows the nature and fortunes of the owner...The farmer is covetous of his dollar, and with reason. It is no waif to him. He knows how many strokes of labor it represents. His bones ache with the days' work that earned it. He knows how much land it represents - how much rain, frost and sunshine. He knows that, in the dollar, he gives you so much discretion and patience, so much hoeing and threshing. Try to lift his dollar; you must lift all that weight. In the city, where money follows the skit of a pen or a lucky rise in exchange, it comes to be looked on as light."



"The national minimum wage has not been increased in 9 years. By year's end, 21 States across America will have a minimum wage exceeding the Federal minimum wage."


"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."



"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."


"And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it."


"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."


"While I am interested both in economics and in philosophy, the union of my interests in the two fields far exceeds their intersection."


"The tax relief package enacted in 2001 was central to pulling the economy out of the post 9-11 recession. It's the reason we've got low unemployment and have created more than two million jobs in the last year."


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


"Then it was that the exports of slaves from Virginia and the Carolinas was so great that the population of those States remained almost, if not quite stationary."


"In the 'Nike Economy,' there are no standards, no borders and no rules. Clearly, the global economy isn't working for workers in China and Indonesia and Burma any more than it is for workers here in the United States."


"I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are."


"Good schools underpin not only our economy, but the social fabric of our lives."


"You know, I am mainstream America, and it really doesn't matter what party you're in. When you call your children and you say 'How are you?' - and what you are really asking is, 'Do you still have your job? And are you able to make the mortgage payment?', That resonates across the state, not across party lines."


"Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?"


"There's no recovery on Main Street, I can tell you that for sure. And in a re - in an economy like this, we don't need to be raising anybody's taxes."


"We all agree that manufacturers have a right to ensure that fake goods are not marketed in their names and that their own goods are not marketed under fake names."


"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."


"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."


"A lot of these industries are having difficulty finding reliable workers with the skills they require."


"The regard one shows economy, is like that we show an old aunt who is to leave us something at last."


"Another point of economy is to look for seed of the same kind as you sow, and not to hope to buy one kind with an other kind. Friendship buys friendship; justice, justice; military merit, military success...Yet there is commonly a confusion of expectations on these points. Hotspur lives for the moment, praises himself for it, and despises Furlong, that he does not. Hotspur of course is poor, and Furlong is a good provider. The odd circumstance is that Hotspur thinks it a superiority in himself, this improvidence, which ought to be rewarded with Furlong's lands."


"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."


"It's a recession when your neighbor loses his job; it's a depression when you lose yours."


"A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country."


"India is undergoing a profound social and economic change. A billion of its citizens are already politically empowered. My dream is to economically empower them through many social and economic transformations."



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


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


"Indeed, American companies make three times as much profits from their investment in one E.U. country, Ireland, than they do from all their investments in China."


"In turning from the smaller instruments in frequent use to the larger and more important machines, the economy arising from the increase of velocity becomes more striking."


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