Quotes & Sayings About Current Economy

We cannot meet the needs of a growing country and a growing economy by simply maintaining our current level of effort. We must do more. — Anthony Foxx

There's no free lunch. If you want an industrial economy, you need energy. If you want energy, it will produce pollution. You can have it in two forms. You can have it dissipated in the atmosphere - like carbon dioxide - which then you cannot recover, or you can have the waste concentrated in one small space like nuclear. That is far easier to deal with. The idea that you can be able to create renewable energy at a price anywhere near the current price for oil or gas or coal is a fantasy. — Charles Krauthammer

The sepia tone of November has become blood-soaked with paper poppies festooning the lapels of our politicians, newsreaders and business leaders ... I will no longer allow my obligation as a veteran to remember those who died in the great wars to be co-opted by current or former politicians to justify our folly in Iraq, our morally dubious war on terror and our elimination of one's right to privacy. — Harry Leslie Smith

The sky is always falling or the sky is always bright. In some ways, this is really morning in America and we don't see it. People are living longer, the economy is doing pretty well. On the other hand, there are some ways of thinking in the current situation that make it look not so good, including our Star Wars prequels - like legislature, meaning they're talking a lot, not doing a lot. — Cass Sunstein

There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax. Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy. — Arthur Laffer

Although population and consumption are societal issues, technology is the business of business. If economic activity must increase tenfold over what it is today to support a population nearly double its current size, then technology will have to reduce its impact twenty-fold merely to keep the planet at its current levels of environmental impact. For example, to stabilize the climate we may have to reduce real carbon emissions by as much as 80 percent, while simultaneously growing the world economy by an order of magnitude. — Stuart L. Hart

Fundamentally transforming the foundations of the economy is the biggest contribution we can make towards building a sustainable future. The current economic crisis may be painful, but it will be nothing compared with the crises we will face if we continue to grow in a way that threatens the life-support systems on which we rely — Jonathon Porritt

Our current expectations for what our students should learn in school were set fifty years ago to meet the needs of an economy based on manufacturing and agriculture. We now have an economy based on knowledge and technology. — Bill Gates

President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. — Mark Zandi

Civil servants are fully aware of the challenges the British economy faces. They are, after all, working tirelessly and professionally to support the coalition government through the current challenges, every day, and in every part of Britain. — Gus O'Donnell

In the days when money was backed by its face value in silver or gold, there were limits to how much wealth could flow around the world. Today, it's virtual money that the bank lends into existence on a computer screen. "And unless the economy continually expands, there is no new flow of money to pay back that money, plus interest." ... "As it stands now, if banks start loaning money more slowly than they collect debts, the quantity of money in the economy goes down, and it's impossible to pay back debts. So we get defaults on houses ... our economy plunges into misery and unemployment. Under our current monetary system, the only alternative to that is endless growth. So one absolute thing we have to change is the whole nature of the monetary system ... we deny banks the right to create money." ... There's a challenge with that solution, he admits. "You're trying to take the right to create wealth away from some of the wealthiest people on the planet. — Alan Weisman

Improved energy productivity and renewable energy are both available in abundance - and new policies and technologies are rapidly making them more economically competitive with fossil fuels. In combination, these energy options represent the most robust alternative to the current energy system, capable of providing the diverse array of energy services that a modern economy requires. Given the urgency of the climate problem, that is indeed convenient. — Christopher Flavin

In light of our current crisis, nothing could be more spiritual than saving our children from humanism, our economy from deprivation, and our liberty from extinction. — Marshall Foster

As an element in human progress, the right of private property, in importance, has taken first and almost only place in the current systems of law and of political economy. While admitting its great importance, we cannot conceal the fact that the writers on those subjects have wholly failed to distinguish between its use and its abuse, or to recognize its rational and equitable limits. — Joshua K. Ingalls

The only factor that poses a genuine challenge to the current order is the willingness of human beings to reject the injustice and irrationality of this economy, and stand up for something better. Capitalism will not fall-rather, it must be pushed. — Jim Stanford

Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path. — Toshihiko Fukui

But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion. — Martin Feldstein

Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela. — T. Boone Pickens

To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names - Keynesian inflationism, interventionism, and corporatism. — Ron Paul

The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery. — Sung Won Sohn

The myth of the inevitability of economic globalization is based largely on the work of Milton Friedman, and easily the most underreported story of our time is that the current economy proves Friedman flatly wrong. — Molly Ivins

There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics. — Walter Wriston

Over the last few years, banks and governments have been frenziedly printing money. Everybody is terrified that the current economic crisis may stop the growth of the economy. So they are creating trillions of dollars, euros and yen out of thin air, pumping cheap credit into the system, and hoping that the scientists, technicians and engineers will manage to come up with something really big, — Yuval Noah Harari

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts. — Ron Paul

Listen, I think what's best for the economy and to create jobs is to extend all of the current tax rates - for all Americans. It - it begins to reduce the uncertainty. And for small businesspeople, they can look up and begin to plan. — John Boehner

The current (educational) structure, which seeks low-cost uniformity that meets minimum standards, is killing our economy, our culture, and us. — Seth Godin

Almost every key indicator of the current economy - unemployment, deficits, housing, energy - argues that Obama's reactionary all-powerful statist approach has only made things far worse. — Victor Davis Hanson

Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy. — Calvin Coolidge

The United States has 250 Billion tons of recoverable coal reserves - enough to last 100 years even at double the current rate of consumption.' We humans have inhabited the earth for many thousands of years, and now we can look forward to surviving for another hundred by doubling our consumption of coal? This is national security? The world-ending fire of industrial fundamentalism may already be burning in our furnaces and engines, but if it will burn for a hundred more years, that will be fine. Surely it would be better to intend straightforwardly to contain the fire and eventually put it out! But once greed has been made an honorable motive, then you have an economy without limits. It has no place for temperance or thrift or the ecological law of return. It will do anything. It is monstrous by definition. — Wendell Berry

The status quo is not your friend; in a competitive, down economy, the absence of change means death. Those who coast with current best practices may enjoy a period of time where it works. But if you don't reinvent yourself, your competitors will do it for you. — Anonymous

The (nation) state's concern had been the development of citizens - social subjects whose identity was shaped by the goals of the state - and the preparation of a labour force serving the needs of a national economy and administration. That state was interested in cohesion, integration and homogeneity - however imperfectly realized. The globally framed interests of current versions of the market are neither about citizenship - shared social values, aspirations, dispositions - nor about the preparation of a labour force ... — Gunther Kress

Natural gas is a very flexible source of energy that can help us bridge the gap between our current high-carbon economy and our zero-carbon future. — Katharine Hayhoe

The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit ... people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less ... coming on top of a massive income investment boom, it's all been just a bit too much of a good thing. — Nigel Lawson

In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies. — Toshihiko Fukui

We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy. — Vince Cable

I believe we can do much more to adapt to the structural changes in the global economy, get high-end manufacturing back here, set up clusters of economic activity where you have, among other things, continuous retraining of people well into their middle years so they never become irrelevant to the current job market. — William J. Clinton

When I look at the Republicans, I am tempted to dismiss them as the Treason Party. Seriously, were a band of traitors to concoct a series of positions deliberately designed to weaken America, they would be hard pressed to beat the current GOP dogma - hobble education, starve the government by slashing taxes to the rich, kneecap attempts to jumpstart the economy by fixating on debt, invite corporations to dominate political discourse, balkanize the population by demonizing minorities and immigrants and let favored religions dictate social policy. — Neil Steinberg