Quotes & Sayings About Economic Prosperity

In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct. — Richard W. Fisher

Denial of climate change and degradation of environment for the purpose of economic prosperity is humiliation and slavery of the nature. — M.F. Moonzajer

A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people. — Adam Smith

Economic history shows us a continual increase in the demand for money. The characteristic feature of the development of the demand for money is its intensification; the growth of division of labour and consequently of exchange transactions, which have constantly become more and more indirect and dependent on the use of money, have helped to bring this about, as well as the increase of population and prosperity. — Ludwig Von Mises

Self-government will not work unless the citizens bear the responsibility to vote in such a way that continues their freedoms and their ability to have free elections, that continues their economic prosperity. They have to vote in a way that does not trade the future for the present. This — Eric Metaxas

The gross domestic product (GDP) was created in the 1930s to measure the value of the sum total of economic goods and services generated over a single year. The problem with the index is that it counts negative as well as positive economic activity. If a country invests large sums of money in armaments, builds prisons, expands police security, and has to clean up polluted environments and the like, it's included in the GDP. Simon Kuznets, an American who invented the GDP measurement tool, pointed out early on that "[t]he welfare of a nation can . . . scarcely be inferred from a measurement of national income."28 Later in life, Kuznets became even more emphatic about the drawbacks of relying on the GDP as a gauge of economic prosperity. He warned that "[d]istinctions must be kept in mind between quantity and quality of growth . . . . Goals for 'more' growth should specify more growth of what and for what."29 — Jeremy Rifkin

Modern political systems are labeled liberal democracies because they unite two disparate principles. Liberalism is based on a rule of law that maintains a level playing field for all citizens, particularly the right to private property, which is critical for economic growth and prosperity. The democratic part, political choice, is the enforcer of communal choices and accountable to the citizenry as a whole. Over the past few years, we've witnessed revolts around the world of the democratic part of this equation against the liberal one. — Francis Fukuyama

The Quest for Prosperity is an important book. Written with verve and clarity, it reflects a deep understanding of global economic issues, and proposes practical solutions that anyone concerned with the plight of the world's poor would be wise to read. — Robert Fogel

The failure of national economic policy is costing us more than jobs; it has begun to weaken that uniquely American spirit of risk-taking, large ambition, and optimism about the future. We must rally them now to bold departures that rebuild our national morale as well as our material prosperity. — Mitch Daniels

A major goal of our strategy in Asia was to promote political reform as well as economic growth. We wanted to make the 21st century a time in which people across Asia become not only more prosperous but also more free. And more freedom would, I was confident, spur greater prosperity. — Hillary Rodham Clinton

There are few problems in the world that economic prosperity
cannot help solve. Yet the engines of that prosperity are under fierce
attack. The forces that seek power over others have gained the upper
hand against those that seek freedom. By harming wealth creation,
they cause even more strain on society. Historically, this is nothing
new. State domination over its subjects has roots that connect statism,
totalitarianism, communism, and socialism to more modern-day variants
of liberalism and progressivism. It is a constant fight and we must
win. — Ziad K. Abdelnour

Coal is good for humanity, coal is good for prosperity, coal is an essential part of our economic future, here in Australia, and right around the world. — Tony Abbott

a society that hopes to foster both justice and prosperity needs to discourage wealth acquisition via the political means and encourage it through the economic means. — Thomas E. Woods Jr.

Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem. — Ludwig Von Mises

Poverty has no causes. Only prosperity has causes. Analogically, heat is a result of active processes; it has causes. But cold is not the result of any processes; it is only the absence of heat. Just so, the great cold of poverty and economic stagnation is merely the absence of economic development. — Jane Jacobs

We should be disciplined and responsible and then our prosperity will be stable despite any economic crisis, inflation or a change of government — Sunday Adelaja

Everyone in the Chinese economic world knows that the country is not going to move out of cheap-workhouse status, toward the realm of 'real' rich-country corporate power and prosperity, unless (among other changes) it begins removing these price distortions. — James Fallows

Young Chinese, who have grown up in an age of prosperity and stability, are typically the most passionate defenders of the Chinese political and economic way. — Evan Osnos

Too many members of Congress believe they can solve all economic problems, cure all social ills, and bring about worldwide peace and prosperity simply by creating new federal programs. — Ron Paul

What I did not know yet about hunger, but would find out over the next twenty-one years, was that brilliant theorists of economics do not find it worthwhile to spend time discussing issues of poverty and hunger. They believe that these will be resolved when general economic prosperity increases. These economists spend all their talents detailing the process of development and prosperity, but rarely reflect on the origin and development of poverty and hunger. A a result, poverty continues. — Muhammad Yunus

The Bush Administration believes the Kyoto protocol could damage our collective prosperity, and in so doing, actually put our long-term environmental health at risk. Fundamentally, we believe that the protocol both will fail to significantly reduce the long-term risks posed by climate change and, in the short run, will seriously impede our ability to meet our energy needs and economic growth. — Lawrence B. Lindsey

How can I convert the enthusiasm of voters into a practical programme of action that meets their desire for economic security and greater prosperity? — Victor Ponta

The American economic, political, and social organization has given to its citizens the benefits of material prosperity, political liberty, and a wholesome natural equality; and this achievement is a gain, not only to Americans, but to the world and to civilization. — Herbert Croly

Let it be immediately added, however, that this economic independence and prosperity has always been absolutely associated in the American mind with free political institutions. — Herbert Croly

I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom. — Charles Koch

some nations have tried to bring about more economic equality in economically harmful ways, not through opening up free markets but through brute use of government power. Making equality a more important goal than overall economic growth is a mistake for a government, because merely distributing the same amount of wealth in different ways does not change the total amount of wealth a nation produces each year, which is the only way that any nation has grown from poverty to prosperity. — Barry Asmus

Haven't we put off problems without clarifying Japan's will to protect the lives and assets of its people and territory with its own hands, and merely accepted the benefits of economic prosperity? — Shinzo Abe

The more government takes in taxes, the less incentive people have to work. What coal miner or assembly-line worker jumps at the offer of overtime when he knows Uncle Sam is going to take sixty percent or more of his extra pay? ... Any system that penalizes success and accomplishment is wrong. Any system that discourages work, discourages productivity, discourages economic progress, is wrong. If, on the other hand, you reduce tax rates and allow people to spend or save more of what they earn, they'll be more industrious; they'll have more incentive to work hard, and money they earn will add fuel to the great economic machine that energizes our national progress. The result: more prosperity for all - and more revenue for government.4 — Donald J. Trump

The analysis of our illustrations has taught us another incidental lesson. This is that, when we study the effects of various proposals, not merely on special groups in the short run, but on all groups in the long run, the conclusions we arrive at usually correspond with those of unsophisticated common sense. It would not occur to anyone unacquainted with the prevailing economic half-literacy that it is good to have windows broken and cities destroyed; that it is anything but waste to create needless public projects; that it is dangerous to let idle hordes of men return to work; that machines which increase the production of wealth and economize human effort are to be dreaded; that obstructions to free production and free consumption increase wealth; that a nation grows richer by forcing other nations to take its goods for less than they cost to produce; that saving is stupid or wicked and that squandering brings prosperity. — Henry Hazlitt

The secret of real prosperity in the church is to teach God's people principles of economic empowerment — Sunday Adelaja

For most of the 20th century, we didn't just enjoy economic success in Michigan, we defined it. Our innovators and entrepreneurs created the world's most productive companies, and our unions made sure that productivity led to broad middle class prosperity. — Jennifer Granholm

The dual effect of high growth creating higher income that's taxed by government at all levels, combined with lessening demands placed on government that occurs during economic prosperity, is a worthy objective. — Jeb Bush

Libertarians aim to absolve the rich of any social responsibilities toward the rest of society. As a school of thought, libertarianism is based on three kinds of arguments. The first is a moral assertion: that every individual has the overriding right to liberty, that is, the right to be left alone, free from taxes, regulations, or other demands of the state. The second is political and pragmatic: that only free markets protect democracy from government despotism. The third is economic: that free markets alone are enough to ensure prosperity. Such — Jeffrey D. Sachs

Liberals and conservatives tend to view the economy in purely materialistic terms. They make growth, security, and prosperity ends in themselves. They exalt enlightened self-interest. They tell us that productive work is the fundamental source of human dignity.

But for Christians, (Greg) Forster insists, the materialistic view is a lie. The modern economic man is prone to workaholism, Envy, greed, anxiety, and a host of other ills. The great task for Christians is to become, broadly speaking, innovative entrepreneurs: people who are not only more productive in their work then there would be leaving neighbors, but also more creative, generous, honest, and humane. — Greg Forster

The desire for economic prosperity is itself not culturally determined but almost universally shared — Francis Fukuyama

Instead of prosperity, socialism has brought economic paralysis and/or collapse to every country that tried it. The degree of socialization has been the degree of disaster. The consequences have varied accordingly. — Ayn Rand

I have had the view that cutting wages is not the path to prosperity, and one of the great myths propagated about my attitude to industrial relations is that I believe in lower wages. I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument. — John Howard

Our Government is fostering economic growth in Kitchener, Cambridge and all of the Waterloo Region by investing in our innovative businesses. Today's announcement is a great example of how we are helping high-potential companies bring great ideas to market faster. Helping our entrepreneurs and original thinkers export their products and services to the rest of the world creates jobs, growth and economic prosperity here at home. — Gary Goodyear

Together, undocumented people like me and our relatives, friends and allies wait for broader immigration reform, not just for Dreamers but also for undocumented workers of all ages and backgrounds who contribute to our economic security and prosperity. — Jose Antonio Vargas

Conservatives tend to believe there is a close and necessary connection between prosperity and freedom - that economic freedom is an essential part of human freedom. — Edwin Feulner

Washington politicians think that government can make better decisions than you and me. But we know better. We know it's smaller, less intrusive government that will lead to real economic prosperity. We know it's business-friendly policies, not more red tape, that will create real growth. — Brad Wenstrup

The gravitation constant is the same always. But the economic constants-these elasticities of demand and supply-depending, as they do, upon human consciousness, are liable to vary. Prosperity ends in a crisis. The era of optimism dies in the crisis, but in dying it gives birth to an era of pessimism. This new era is born, not an infant, but a giant; for an industrial boom has necessarily been a period of strong emotional excitement, and an excited man passes from one form of excitement to another more rapidly than he passes to quiescence. Under the new error, business is unduly depressed. — Arthur Cecil Pigou

Where affluence is the rule, the true threat is the loss of desire.(...) What is new is not that prosperity depends on stimulating demand. It is that it cannot continue without inventing new vices. — John Gray

Look back over the last hundred years and you'll see the pattern. During periods when the very rich took home a much smaller proportion of total income - as in the Great Prosperity between 1947 and 1977 - the nation as a whole grew faster, and median wages surged. The basic bargain ensured that the pay of American workers coincided with their output. In effect, the vast middle class received an increasing share of the benefits of economic growth. We created that virtuous cycle in which an ever-growing middle class had the ability to consume more goods and services, which created more and better jobs, thereby stoking demand. The rising tide did in fact lift all boats. On the other hand, during periods when the very rich took home a larger proportion - as between 1918 and 1933, and in the Great Regression from 1981 to the present day - growth slowed, median wages stagnated, and we suffered giant downturns. — Robert B. Reich

In all those cases, in accordance with the theme of this book, increases in economic freedom have gone hand in hand with increases in political and civil freedom and have led to increased prosperity; competitive capitalism and freedom have been inseparable. — Milton Friedman

The more consciously democratic Americans became, however, the less they were satisfied with a conception of the Promised Land, which went no farther than a pervasive economic prosperity guaranteed by free institutions. — Herbert Croly

The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime. — Karl Rove

I see the liberty of the individual not only as a great moral good in itself (or, with Lord Acton, as the highest political good), but also as the necessary condition for the flowering of all the other goods that mankind cherishes: moral virtue, civilization, the arts and sciences, economic prosperity. — Murray Rothbard

Education is the most powerful tool countries have for boosting economic growth, increasing prosperity, and forging more just, peaceful and equitable societies. — Wendy Kopp

The most important difference between these early American families and our own is that early families constituted economic unitsin which all members, from young children on up, played important productive roles within the household. The prosperity of the whole family depended on how well husband, wife, and children could manage and cultivate the land. Children were essential to this family enterprise from age six or so until their twenties, when they left home. — Kenneth Keniston

Obamacare is the nation's biggest job killer and stands in the way of our country's economic growth and prosperity. It should be defunded and repealed. President Obama should hear the pleas from the untold number of Americans who are losing their jobs, wages, and healthcare plans, and Congress should act immediately to stop Obamacare from inflicting any more damage on the country on our hard-working citizens. — Ted Cruz

Those of us who lived under communism for most of our lives were looking toward the Western world because of its values, emphasis on democracy, individual liberties and freedom, and economic prosperity. — Vaclav Klaus

The Reagan years showed us that expanding economic freedom should be the North Star - the guiding light - of U.S. policy, because it is the best way to achieve sustained and broad-based prosperity for all. — Jon Kyl

When man has mastered money he shall have mastered not only his economic problem of prosperity but also his political problem, for he will see that money has no place in state functions, and, the money power being entirely in his own hands, he will easily master the state and clearly define its services. Thus money must be seen as the means of mastery of all economic and political problems. Until we have mastered money we shall not master any of our problems. Not money, but a false money system, is the root of all evil. — E.C. Riegel

If globalization is to succeed, it must succeed for poor and rich alike. It must deliver rights no less than riches. It must provide social justice and equity no less than economic prosperity and enhanced communication. — Kofi Annan

There cannot be prosperity without security. — Francois Hollande

The quickest and surest way to production, prosperity, and economic growth is through private enterprise. The best way for governments to encourage private enterprise is to establish justice, to enforce contracts, to insure domestic peace and tranquility, to protect private property, and to secure the blessings of liberty including economic liberty - which means to stop putting obstacles in the way of private enterprise. — Henry Hazlitt

Constructive trade, the two-way exchange of goods and services, is the most efficient and logical way for each nation ... to build a stable prosperity, a prosperity based not on aid, but on mutually beneficial economic contacts. — Ronald Reagan

In general, the deployment of austerity as economic policy has been as effective in bringing us peace, prosperity, and crucially, a sustained reduction of debt, as the Mongol Golden Horde was in furthering the development of Olympic dressage. — Mark Blyth

We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind. — Muhammad Ali Jinnah

Investment in education and economic prosperity is the best way to cure fanaticism and for establishing a just peace in the Middle East. — Ahmed Zewail

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment. — Ben Bernanke

Learning from the American experience, governments around the world have developed national innovation policies and programs to accelerate their economic prosperity and to help their citizens and companies compete globally. — Robert Hormats

If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy. — Christina Romer

The great flaw in the American economic system has finally been revealed: an unrealistic faith in the power of prosperity rather than in the ultimate power and benevolence of God. — Billy Graham

As long as we place millions of Indians at the canter of our thought process, as long as we think of their welfare, their future, their opportunities for self realization we are on the right track. For India can grow, prosper, flourish only if they grow, prosper, flourish. We cannot grow by any esoteric strategies. Our purchasing power, our economic strength, our marketplace all depends on the prosperity of our people. — Mukesh Ambani

Receiving an economic boost from the digital era is not a luxury - it is essential to ensuring that Europe continues to grow and deliver levels of prosperity that meet the rising expectations of its citizens. — Klaus Schwab

We have believed - and we do believe now - that freedom is indivisible, that peace is indivisible, that economic prosperity is indivisible — Indira Gandhi

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. — Ernest Hemingway,

Economic prosperity and quality education for our children are inexorably linked. — Jon Huntsman Jr.

Once government's objectives were economic growth and social cohesion. Now they are prosperity, fairness and environmental care — Gordon Brown

CSR can help business reach the goals of social justice and economic prosperity by creating welfare for a broad range of social groups, beyond the corporations and their shareholders. — Howard R. Bowen

Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity. — Henry Paulson

The American people want economic prosperity, high-quality goods and low prices, all of which I support. — John Linder

This kind of inequality - a level we haven't seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling, it drags down the entire economy, from top to bottom. America was built on the idea of broad-based prosperity - that's why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars they made. It's also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run. — Barack Obama

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. — Ludwig Von Mises

To the European immigrant - that is, to the aliens who have been converted into Americans by the advantages of American life - the Promise of America has consisted largely in the opportunity which it offered of economic independence and prosperity. — Herbert Croly

One of the big challenges for our party is to demonstrate to people that we have an agenda for economic prosperity and that we can be trusted with their money. — Birch Bayh

Tonight, you are hearing from the Democratic women of the Senate ... We stand together on so many issues: economic prosperity, quality education for all, protecting a woman's right to choose. — Barbara Boxer

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation. — Anna Lindh

On election days, the burdens of poverty and corruption and of a creaky economic system are put aside, and India celebrates. Many voters dress especially for the occasion ... None quite voice the thought, but those who came in a steady stream to vote seemed to be saying that India may have fallen far behind its neighbors in the struggle for prosperity, but as long as it can choose its governments, it can hope for better in the future. — Shashi Tharoor

There are two main reasons why this assumption is wrong. First, once basic material needs have been met, there is very little evidence that pursuing financial prosperity generates much extra happiness for individuals or for nations. Second, by blindly pursuing economic growth, we are creating a whole set of social and environmental issues that will undermine the potential happiness and well-being of future generations. — Nic Marks

In war and in peace, in prosperity and times of economic hardship, America has no better friend or more dependable ally than the United Kingdom. — Louis Susman

The outcome document known as "Transforming our World: The 2030 Agenda for Sustainable Development" highlights poverty eradication as the overreaching goal of the new development agenda and has at its core the integration of the economic, social and environmental dimensions of sustainable development. The emerging development agenda is unique in that it calls for action by all countries, poor, rich and middle-income. The 'five Ps' people, planet, prosperity, peace, and partnership - capture the broad scope of the agenda. The SDGs are expected to be achieved by 2030. — New Media Wing

The formation of our beliefs is fraught with superstitions - even today (I might say, especially today). Just as one day some primitive tribesman scratched his nose, saw rain falling, and developed an elaborate method of scratching his nose to bring on the much-needed rain, we link economic prosperity to some rate cut by the Federal Reserve Board, or the success of a company with the appointment of the new president at the helm. — Nassim Nicholas Taleb

If there were to be a Labor-Greens government, that would be the end of the Adani mine, that would be the end of coal mining in central Queensland, and that would be the end of their best shot at economic prosperity in the future. — George Brandis

In his first year in office, President Obama pulled us back from the brink of the greatest economic crisis since the Great Depression and worked to lay a new foundation for economic growth. The president identified three key strategies to build that lasting prosperity: innovation, investment, and education. — Tom Vilsack

Our Government is pleased to invest in increasing export market access for the western Canadian lamb industry. By further strengthening this industry, we are helping producers create economic growth and long-term prosperity. — Michelle Rempel

You can't have the space for prosperity and success when you are obsessed with security. It is not possible to obtain unwavering security - physical, emotional, or economic - by having money. Keep in mind that security, like success, can be defined in many ways. If you focus less on how much your financial assets are worth, and more on what a creative and well-balanced individual you can be, security will take on a new meaning. — Ernie J Zelinski

The free market exists to promote prosperity and human life, and that is what it has accomplished, splendidly, with breathtaking brilliance. In the industrialized world, the average person today enjoys a standard of living superior to that of kings and emperors of the past. The whole world's population is capable of enjoying the same marvelous results, if it adopts economic freedom. — George Reisman

For China to continue to enjoy economic prosperity, it needs to foster trusting international relationships, not tensions ... and it is important for China to understand this. — Shinzo Abe

The world needs to face up to the challenge of climate change, and to do so now. It is clear that climate change poses an urgent challenge, not only a challenge that threatens the environment but also international peace and security, prosperity and development. And as the Stern report showed, the economic effects of climate change on this scale cannot be ignored, but the costs can be limited if we act early — Gordon Brown

We are well-placed internationally right now and this government has been very clear in stating that our continued concern and vision for this country is to see that long-term economic growth and prosperity, build on the track record of one million net new jobs. These are things Canadians want
to have steady hands on the tiller and that's what's been done today. — Michelle Rempel

A National Government cannot create good times. It cannot make the rain to fall, the sun to shine, or the crops to grow, but it can, by pursuing a meddlesome policy, attempting to change economic conditions, and frightening the investment of capital, prevent a prosperity and a revival of business which might otherwise have taken place. — William Howard Taft

The general economic growth of the quarter of a century that followed World War II not surprisingly created many illusions. In the West, people thought that they had found in Keynesianism the definitive solution to the problem of crises and unemployment. It was thus thought that the world had entered into an era of perpetual prosperity and definitive mastery of the business cycle. In the socialist world, it was also thought that the model formula for even higher growth had been discovered which enabled Khruschev to announce victoriously that by 1980 the USSR would have overtaken the united States "in every domain." In the third world of Africa and Asia, the national liberation movements which had seized political independence, also had a battery of prescriptions which, in a mix of capitalist and socialist recipes, in doses that varied from case to case, would enable these movements to overcome "underdevelopment" in "interdependence. — Samir Amin

I believed - and believe - that capitalism works best for a freedom-loving society, that it brings more prosperity to more people than any other social-economic system, but that somehow we have to take care of people. — Katharine Graham

We are supposed to believe [capitalist ideology] was the champion of freedom and prosperity in the epic struggle called the Cold War. If there was such a champion, might it not have been freedom itself, as realized in the institutional forms of democracy? This is not how the story has been told. We are t believe it was an economic system, capitalism, that arrayed its forces against its opposite, communism, and rescued all we hold dear. Yet in the new era ... [capitalism] has shown itself very ready to devour what we hold dear, if the list can be taken to include culture, education, the environment, and the sciences, as well as the peace and well-being of our fellow citizens. — Marilynne Robinson

Immigrants create an engine of economic prosperity. — Jeb Bush

Why, if economic freedom has proven itself time and time again to be the engine of prosperity, do we keep moving toward Big Government? Why is a pro-freedom agenda so hard to come by and to defend? Why, no matter the rhetoric, no matter the mood of the electorate, no matter how much the weight of Big Government pulls down economic progress, do we get more regulations, more government spending, less economic freedom? The answer might surprise you. It has to do with something we don't often talk about in explicit terms. It has to do with morality. — Yaron Brook

Innovation is the central issue in economic prosperity. — Michael Porter