Economy Quotes

We get paid for bringing value to the marketplace. It takes time,... but we get paid for the value, not the time.

When this crisis began, crucial decisions about what would happen to some of the world's biggest companies - companies employing tens of thousands of people and holding trillions of dollars in assets - took place in hurried discussions in the middle of the night. We should not be forced to choose between allowing a company to fall into a rapid and chaotic dissolution or forcing taxpayers to foot the bill.

Without effective protection of the citizens' right to property, it will be difficult to attract and accumulate valuable capital.

People who will not turn a shovel full of dirt on the project (Muscle Shoals Dam) nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest.

As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.

Our financial ills will never be settled till you fix it so every man will pay an income tax on what he earns, be it a farm, grocery store or municipal or government bonds.

I would like to assure those who would serve Daridranarayana that there is music, art, economy and joy in the spinning wheel.

The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands.

Personal initiative, competitive selection, the profit motive, corrected by failure and the infinite process of good housekeeping and the personal ingenuity-here constitute the life of a free society.

Free enterprise is a rough and competitive game. It is a hell of a lot better than a government monopoly.

California is not just the Golden State. We are also the Internet State.

Cannot people realize how large an income is thrift?

The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrence to private initiative which are imposed by our present tax system, and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963.

If everybody (traded his car for a horse) they would be out of debt in a couple of years. Just think, no gas, no tires, no roads to pay for.

If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.

Our country, we have faith to believe, is only at the beginning of its growth. Unless the forests of the United States can be made ready to meet the vast demands which this growth will inevitably bring, commercial disaster, that means disaster to the whole country, is inevitable.

Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.

Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.

If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary.

What is certainly true is that the American people, just like the German people, just like the British and people around the world, are seeing extraordinarily rapid change. The world is shrinking, the economies have become much more integrated and demographics are shifting.

It was natural and perhaps human that the privileged princes of these new economic dynasties, thirsting for power, reached out for control over government itself. They created a new despotism and wrapped it in the robes of legal sanction. ...And as a result the average man once more confronts the problem that faced the Minute Man.

We can look forward to the day when the free flow of trade, from the southern reaches of Tierra del Fuego to the northern outposts of the Arctic Circle, unites the people of the Western Hemisphere in a bond of mutually beneficial exchange, when all borders become what the U.S.-Canadian border so long has been: a meeting place, rather than a dividing line.

We had to struggle with the old enemies of peace - business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering

Nobody wants to put the creditworthiness of the United States in jeopardy. Nobody wants to see the United States default. So we've got to seize this moment, and we have to seize it soon.

The first essential responsibility of the state is control of the market-place: there must be some official charged with the duty of seeing that honest dealing and good order prevail. For one of the well-nigh essential activities of all states is the buying and selling of goods to meet their mutual basic needs; this is the quickest way to self-sufficiency, which seems to be what moves men to combine under a single constitution.

For it is an absurdity to call a country civilized in which a decent and industrious man, laboriously mastering a trade which is valuble and necessary to the common weal, has no assurance that it will sustain him while he stands ready to practice it, or keep him out of the poorhouse when illness or age makes him idle.

Short term, the most important thing is to put people back to work ... If they're working, that means they're paying taxes, that means that they're buying goods and services - and the economy, instead of being on a downward spiral, starts back up on an upward spiral.

I do believe in the energy and the productivity of the American business world.

There is a serious tendency toward capitalism among the well-to-do peasants.

We stand committed to the proposition that freedom is no half-and-half affair. If the average citizen is guaranteed equal opportunity in the polling place, he must have equal opportunity in the market place.

Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us.

The truth is we are all caught in a great economic system which is heartless.

Economy does not consist in saving the coal, but in using the time while it burns.

We must start now to provide additional stimulus to the modernization of American industrial plants I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.

Where there is a free government, and the people make their own laws by their representatives, I see no injustice in their obliging one another to take their own paper money.

I found this national debt doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office.

Restore the spinning wheel to its place and you will solve the problem of poverty.

Instead of having a set of policies that are equipping people for the globalization of the economy, we have policies that are accelerating the most destructive trends of the global economy.

Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them

The spinning wheel is as much a necessity of Indian life as air and water.

I've always taught that a poor economy is the best opportunity for salespeople because the naysayers and grumblers have already given up, leaving more territory, more opportunities to be successful than in a good economy when virtually all salespeople are out there, giving it their best.

The people suffer from famine because of the multitude of taxes consumed by their superiors. It is through this that they suffer famine.

We who live in free market societies believe that growth and prosperity, and ultimately human fulfillment are created from the bottom up, not the government down.

Probably the greatest single obstacle to the progress and happiness of the American people lies in the willingness of so many men to invest their time and money in multiplying competitive industries instead of opening up new fields, and putting their money into lines of industry and development that are needed.

Show me a healthy community with a healthy economy and I will show you a community that has its green infrastructure in order and understands the relationship between the built and the unbuilt environment.

With the changing economy, no one has lifetime employment. But community colleges provide lifetime employability.

People do not understand what a great revenue economy is.

Americans have always pursued our dreams within a free market that has been the engine of our progress. It's a market that has created a prosperity that is the envy of the world, and rewarded the innovators and risk-takers who have made America a beacon of science, and technology, and discovery. But the American economy has worked in large part because we have guided the market's invisible hand with a higher principle - that America prospers when all Americans can prosper. That is why we have put in place rules of the road to make competition fair, and open, and honest.

This is not class warfare. It’s math.

When taxes are too high, people go hungry. When the government is too intrusive, people lose their spirit. Act for the people's benefit. Trust them; leave them alone.

Our wish is that...[there be] maintained that state of property, equal or unequal, which results to every man from his own industry or that of his fathers.

Government is not a solution to our problem, government is the problem. ... Government does not solve problems; it subsidizes them. Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it. ... The problem is not that people are taxed too little, the problem is that government spends too much.

Fortunately for India, it has got a growing economy. If it is doing the right things with taxation and focusing on the right areas for human development, it is going to have no problem, over a period of time, taking care of its own needs.

The world political system is till based on the concept of the national sovereign state. For the first time therefore, in three hundred years economy and sovereignty are becoming divorced from each other.

Will not collect a ransom in exchange for not crashing the American economy.

That is what capitalism is: a system that brings wealth to the many, not just the few.

The stock market has spoiled more appetites than bad cooking.

By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.

Reduce the supply of black labor by colonizing the black laborer out of the country, and by precisely so much you increase the demand for and wages of white labor.