Greatest Economic Quotes & Sayings

A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation. — Ludwig Von Mises

I believe we're at the verge of the greatest time to be alive in this world.But Washington is holding us back. How we tax, how we regulate. We're not embracing the energy revolution in our midst, a broken immigration system that has been politicized rather than turning it into an economic driver.We're not protecting and preserving our entitlement system or reforming for the next generation. All these things languish while we have politicians in Washington using these as wedge issues. — Jeb Bush

To be equitable, economic growth has to be sustainable. To be sustainable, economic growth has in turn to be all-inclusive. All-inclusive is no longer the greatest good of the greatest number. It is actually Sarvodaya or the rise of all. This Mahatma Gandhi saw as essential to Satyagraha itself. — Sonia Gandhi

E governance can bring minimum government and maximum governance. It is easy, effective and economic governance. It brings empowerment, equity and efficiency of the economy. It is a very useful field that can be the greatest problem solver of the people. — Narendra Modi

The ultimate ends of the activities of reasonable beings are never economic. Money is one of the greatest instruments of freedom ever invented by man. — Friedrich Hayek

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy - not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side. — Eric Hobsbawm

Politics is a dirty business, a ruse, an ideological cul-de-sac, a vast looter of intellectual and financial resources, a lie that corrupts, a deceiver, a means of unleashing vast evil in the world of the most unexpected and undetected sort and the greatest diverter of human productivity ever concocted by those who do not believe in authentic social and economic progress. — Jeffrey Tucker

The free market is the greatest repository of our freedoms. Economic freedom is the freedom we exercise most often and to the greatest extent. — P. J. O'Rourke

In my opinion it is a grand book ... Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement ... What we need therefore, in my opinion, is not a change in our economic programmes, which would only lead in practice to disillusion with the results of your philosophy; but perhaps even the contrary, namely, an enlargement of them. Your greatest danger is the probable practical failure of the application of your philosophy in the United States. — John Maynard Keynes

The result is one of the greatest paradoxes of modern history: that an economic system designed to offer infinite choice to the individual has ended up homogenizing humanity. — Niall Ferguson

It is one of the greatest economic errors to put any limitation upon production.We have not the power to produce more than there is a potential to consume. — Louis D. Brandeis

America has always been greatest when we dared to be great. We can reach for greatness again. We can follow our dreams to distant stars, living and working in space for peaceful, economic, and scientific gain. Tonight, I am directing NASA to develop a permanently manned space station, and to do it within a decade. — Ronald Reagan

The tale of America coming out of the Great Depression and not only surviving but actually transforming itself into an economic giant is the stuff of legend. But the part that gives me goose bumps is what we did with all that wealth: over several generations, our country built the greatest middle class the world had ever known. We built it ourselves, using our own hard work and the tools of government to open up more opportunities for millions of people. We used it all - tax policy, investments in public education, new infrastructure, support for research, rules that protected consumers and investors, antitrust laws - to promote and expand our middle class. The spectacular, shoot-off-the-fireworks fact is that we succeeded. — Elizabeth Warren

The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s. — Frances O'Grady

Part of the scandal of American Christianity is that statistically the U.S. is the most Christian country in the world, and yet as a country we have the greatest income inequality in the world. And as a country we are uncritically committed, not simply to being the most powerful nation in the world militarily, but to being as militarily powerful as the rest of the world combined.
We Christians live in a tradition that is passionate about issues of economic justice and peace and yet at least half of American Christians, probably even more, think it's really important that we be as powerful as the rest of the world put together. — Marcus J. Borg

Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an act of charity. And further, I believe it to be - as a type - the greatest economic charity of all. — F. A. Harper

Children are often called our greatest resource, as if they were deposits of tin. But a child is not (just as an adult is not) a lever in an economic machine, a vehicle for commerce, a revenue source for the all-powerful state. He is a human being, made in the image and likeness of God - made, that is, for goodness and truth and beauty. — Anthony Esolen

Whatever change you desire for the world, create that change in your own life. You are here for a purpose. Seek it out. Hunt it down. The greatest misery is to be purposeless. The great depression of our age is not economic, but spiritual. Our spiritual poverty is rooted in our purposelessness. — Matthew Kelly

The skills and productivity of American Workers, not to mention the taxes they pay, are the greatest economic resource our country has. To condemn large numbers of them to unemployment, to deprive the Treasury of their tax contributions and to force them to live on unemployment at public expense is the most expensive luxury any society ever chose to buy. — Lane Kirkland

[Freedom] is the greatest of political goods. I do not say freedom is the greatest of all goods: the best things come from within they are such things as creative art, and love, and thought. Such things can be helped or hindered by political conditions, but not actually produced by them; and freedom is, both in itself and in its relation to these other goods the best thing that political and economic conditions can secure. — Bertrand Russell

The greatest realities are physical and economic, all the subtleties of life come afterward. — Joyce Carol Oates

But it is not necessarily the case that liberal democracy is the political system best suited to resolving social conflicts per se. A democracy's ability to peacefully resolve conflicts is greatest when those conflicts arise between socalled "interest groups" that share a larger, pre-existing consensus on the basic values or rules of the game, and when the conflicts are primarily economic in nature. But there are other kinds of non-economic conflicts that are far more intractable, having to do with issues like inherited social status and nationality, that democracy is not particularly good at resolving. — Francis Fukuyama

Literature interprets the world, but it's also shaped by that world, and we're living through one of the greatest economic and technological transformations since
well, since the early 18th century. The novel won't stay the same: it has always been exquisitely sensitive to newness, hence the name. It's about to renew itself again, into something cheaper, wilder, trashier, more democratic and more deliriously fertile than ever. — Lev Grossman

The all-pervading disease of the modern world is the total imbalance between city and countryside, an imbalance in terms of wealth, power, culture, attraction and hope. The former has become over-extended and the latter has atrophied. The city has become the universal magnet, while rural life has lost its savour. Yet it remains an unalterable truth that, just as a sound mind depends on a sound body, so the health of the cities depends on the health of the rural areas. The cities, with all their wealth, are merely secondary producers, while primary production, the precondition of all economic life, takes place in the countryside. The prevailing lack of balance, based on the age-old exploitation of countryman and raw material producer, today threatens all countries throughout the world, the rich even more than the poor. To restore a proper balance between city and rural life is perhaps the greatest task in front of modern man. — Ernst F. Schumacher

One of the greatest dangers to peace lies in the economic pressure to which people find themselves subjected. One of the most practical things to be done in the world is to seek arrangements under which such pressure may be removed, so that opportunity may be renewed and hope may be revived. — Calvin Coolidge

Humans are constantly, and in every way, comparing themselves to one another, which, given the brief nature of their existence, seems an oddity and, for that matter, a waste. Nevertheless, this is the driving influence behind every human's social development, their emotional health and sense of joy, and, sadly, their greatest tragedies. It is as though something that helped them function and live well has gone missing, and they are pining for that missing thing in all sorts of odd methods, none of which are working. The greater tragedy is that very few people understand they have the disease. This seems strange as well because it is obvious. To be sure, it is killing them, and yet sustaining their social and economic systems. They are an entirely beautiful people with a terrible problem. — Donald Miller

The foundations of liberty are private property and the rule of law; this system guarantees the fewest possible forms of injustice, produces the greatest material and cultural progress, most effectively stems violence and provides the greatest respect for human rights. According to this concept of liberalism, freedom is a single, unified concept. Political and economic liberties are as inseparable as the two sides of a medal. — Mario Vargas-Llosa

If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State. — Joseph Goebbels

The disciple of Jesus gives up all he has, all his goods, because he has found in him the greatest Good from which every other good receives its full value and meaning: family bonds, other relationships, work, cultural and economic goods and so on ... The Christian detaches himself from everything and rediscovers all of it in the logic of the Gospel, the logic of love and service. — Pope Francis

To have to introduce a new product at the worst economic time in the last 50 years probably wasn't the greatest thing to have happened. — Bill Mechanic

The economic dependence of women is perhaps the greatest injustice that has been done to us, and has worked the greatest injury to the race. — Nellie L. McClung

The images of the Jubilee traditions highlight the fact that in Christ people are met by the healing, freeing, redeeming presence of God at their points of greatest pain. The redemptive work of Christ is depicted as touching all of human life. The Jubilee images point towards God's liberating and healing intent wherever institutions, customs, or physical conditions are seen to limit human life. Divisions between sacred and secular are removed. The political, economic, and social realities of life do not provide mere illustrations of the way in which God's reign is experienced. Rather they are identified as the precise arenas where the impact of God's reign is felt. — Sharon H. Ringe

Freedom of enterprise was from the beginning not altogether a blessing. As the liberty to work or to starve, it spelled toil, insecurity, and fear for the vast majority of the population. If the individual were no longer compelled to prove himself on the market, as a free economic subject, the disappearance of this freedom would be one of the greatest achievements of civilization. — Herbert Marcuse

The greatest crisis of our lives is neither economic, intellectual, nor even what we usually call religious. It is a crisis of imagination. We get stuck on our paths because we are unable to reimagine our lives differently from what they are right now. We hold on desperately to the status quo, afraid that if we let go, we will be swept away by the torrential undercurrents of our emptiness. — Marc Gafni

What we see happening with this Republican strategy is a willingness to threaten the very foundation of the world's greatest economic power. That is a very risky proposition. — Jay Carney

What rendered it all acceptable was that government won the war, in astonishingly short order. Had the war dragged on or ended badly, the trust reposed in government might have been withdrawn. But the greatest conflict in human history was brought to a victorious conclusion for the United States only three and a half years after American entry. America's unprecedentedly large government defeated fascism; America's big government placed the United States at the pinnacle of world power. In the process, big government restored the nation's economic vitality and self-confidence. By 1945 most Americans found big government thoroughly acceptable, even necessary, and they had ample reason for feeling the way they did. — H.W. Brands

I don't think you can pump carbon dioxide into the atmosphere indefinitely and not have a reaction. But there are great scientists such as Freeman Dyson, one of the greatest physicists of the last hundred years, who has studied the question, who believes quite the opposite. The reason transnational action is so difficult is because the major problem with climate change is, A, that there is no consensus, and, B, that the economic cost is simply staggering. Reversing it completely might mean undoing the modern industrial economy. — Charles Krauthammer

Climate change is the world's greatest environmental challenge. It is now plain that the emission of greenhouse gases, associated with industrialization and economic growth ... is causing global warming at a rate that is unsustainable. — Tony Blair

The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes men free. — Jeffrey H Reiman

One of the greatest ironies of the history of Christianity is that its leaders constantly gave in to the temptation of power - political power, military power, economic power, or moral and spiritual power - even though they continued to speak in the name of Jesus, who did not cling to his divine power but emptied himself and became as we are. — David A. Livermore

The problem is that many people operate on the assumption that NASA should go to Congress every year with hat in hand and justify it every year. Well, I see it as the greatest economic driver that there ever was. Economic drivers don't need justification. — Neil DeGrasse Tyson

The great danger in the South comes precisely from the fact that the public is not informed. Newspapers shirk notoriously their editorial responsibilities and print what they think their readers want. They lean with the prevailing winds and employ every fallacy of logic in order to editorialize harmoniously with popular prejudices. They also keep a close eye on possible economic reprisals from the Councils and the Klans, plus other superpatriotic groups who bring pressure to bear on the newspapers' advertisers. In addition, most adhere to the long-standing conspiracy of silence about anything remotely favorable to the Negro. His achievements are carefully excluded or, when they demand attention, are handled with the greatest care to avoid the impression that anything good the individual Negro does is typical of his race. — John Howard Griffin

The greatest weapon of mass destruction is corporate economic globalization. — Kenny Ausubel

History, practical experience, common sense and economic theory all agree: economic competition is probably one of the greatest ideas humans ever came up with. When people compete to achieve the same goal, great things seem to happen that otherwise would not. Things get done faster, cheaper, and better; new methods for lifting a weight or quenching a thirst are invented; the average guy ends up with more of the stuff he likes at a lower price than before. That is why, in the end, socialism collapsed like a rotten wall: it did not allow its people to compete and, as a result, it not only made their economic life miserable, but strangled their hearts and souls. — Michele Boldrin

One of the greatest pieces of economic wisdom is to know what you do not know. — John Kenneth Galbraith

Religious fanaticism is not the only clear and present danger in our world. The greatest dangers confronting human kind are still those ancient enemies of war, poverty, ignorance and disease. These create the breeding grounds in which religious extremism flourishes, because people who have been betrayed by the world's political and economic systems often seek refuge in the alternatives offered by religion.

It is often said that the most dangerous person in the world is the person with nothing to lose. The more people in our world who have nothing to lose, the greater the danger of extremism is likely to become. If we are committed to struggling against religious fanaticism, and if we really do stand in awe of human potential, then we need to cultivate a much more intelligent debate about the role religion plays in nurturing that human potential through its shaping of ideas and through the hope and meaning it gives to many millions of lives. — Tina Beattie

OUCH

"The arrabal (a term used for poor neighbourhoods in Argentina and Uruguay) and carpa (informal mobile theatre set up inside tents, once common in Latin America), with their caliente (hot) rhythms such as the rumba or the cha-cha-cha, were conquering audiences all over the world, a trend allegorised in song lyrics about their popularity among the French and other non-Latin Americans - "The Frenchman has fun like this/as does the German/and the Irishman has a ball/as does even the Muslim" ("Cachita") - even as they filtered in the presence of a blackness - "and if you want to dance/look for your Cachita/and tell her "Come on negrita"/let's dance" - denied in the official discourse of those Spanish=speaking countries wielding the greatest economic power in the region: namely, Argentina and Mexico, the latter of which would eventually incorporate Afro-Latin American culture into its cinema - although being careful to mark it as Cuban and not Mexican. — Robert McKee Irwin

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

Successful or not, acts of physical courage always bring honor. It is the smaller forms of valor - standing up for principle at the risk of social disapproval, economic loss or injury to career - that require the greatest moral will power. Since there is usually little upside to winning and a significant and often lasting downside to losing, moral courage often requires as much character as physical bravery. — Michael Josephson

Inner peace - you need to know who you are, what you want out of life. You have to do your own thinking, and for that you better know who you are, and not just know but be secure in it, comfortable with yourself. Plus you gotta have discipline. Stamina. And luck sure helps. A little luck counts for a lot, including our great good luck of being born into the greatest economic system ever devised. It's not a perfect system by any means, but overall it's responsible for tremendous human progress. In just the past century alone, we've seen something like a seven-to-one improvement in the standard of living. I'm not saying we don't have problems, we've got a helluva lot of problems, but that's where the genius of the free market comes in, all the drive and talent and energy that goes into solving those problems. — Ben Fountain

To understand the Left, one must understand that in its view the greatest evil is material inequality. The Left is more troubled by economic inequality than by evil as humanity has generally understood the term. — Dennis Prager

To secure the greatest amount of pleasure with the least possible outlay should be the aim of all economic effort. — Francois Quesnay

If greed were not the master of modern man, how could it be that the frenzy of economic activity does not abate as higher standards of living are attained, and that it is precisely the richest societies which pursue their economic advantage with the greatest ruthlessness? — E.F. Schumacher

Americans believe that they still live in the land of opportunity - the country that offers the greatest chance of economic advancement. But this is no longer the case. — Erik Brynjolfsson And Andrew McAfee

Wars are bound to occur from time to time. In them is manifested that determination of nature to intervene directly in the evolution of the greatest organisms of the earth, though they strive to withdraw themselves from her influence, and to break it forcibly upon their one-sided and purely economic aims. — Ernst Junger

Despite the Internet 's origin in the late 1960s as a government sponsored means of communication between the Department of Defense, private industry, and academia, it has been at its best and generated the greatest economic, social, and technological benefits since it was 'liberated' by the hordes of 'geeks' who were originally hired to run it by employers who were not themselves conversant with computers, and couldn't tell when their employees were exchanging official traffic or trading dirty jokes and recipes for marijuana brownies. — L. Neil Smith

If God had perceived that our greatest need was economic, he would have sent an economist. If he had perceived that our greatest need was entertainment, he would have sent us a comedian or an artist. If God had perceived that our greatest need was political stability, he would have sent us a politician. If he had perceived that our greatest need was health, he would have sent us a doctor. But he perceived that our greatest need involved our sin, our alienation from him, our profound rebellion, our death; and he sent us a Savior. — D. A. Carson

The American businessmen, as a class, have demonstrated the greatest productive genius and the most spectacular achievements ever recorded in the economic history of mankind. What reward did they receive from our culture and its intellectuals? The position of a hated, persecuted minority. The position of a scapegoat for the evils of the bureaucrats. — Ayn Rand

In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress. — John Kenneth Galbraith

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

Ladies and gentlemen, the economic disaster, the tailspin, the destruction of the greatest economic engine in the history of the world, these policies of Barack Obama's, which have led us to this point, are precisely why I fearlessly said and still say, I hope he fails. — Rush Limbaugh

The Economist magazine recently called female economic empowerment the most profound social change of our times. Women in the United States now get more college and graduate degrees than men do. We run some of the greatest companies. There are seventeen female heads of state around the world. We control more than 80 percent of U.S. consumer spending and, by 2018, wives will outearn husbands in the United States. Now comprising half of the workforce, women are closing the gap in middle management. Our competence and ability to excel have never been more obvious. Those who follow society's shifting values with a precision lens see a world moving in a female direction. — Katty Kay

Hence the great irony: Hayek, one of the greatest champions of individual liberty and economic freedom the world has ever known, believed that knowledge was communal. Dewey, the champion of socialism and collectivism, believed that knowledge was individual. Hayek's is a philosophy that treats individuals as the best judges of their own self-interests, which in turn yield staggering communal cooperation. Dewey's was the philosophy of a giant, Monty Pythonesque crowd shouting on cue: We're All Individuals! — Jonah Goldberg

Medicine, academia, politics, social philosophy, capitalism, even religion all consistently miss the mark.
If we base our lives on their precepts, we, too, will miss the mark of our highest calling. The greatest pursuit is not good health, unsurpassed wisdom, economic surplus, political freedom, or even faith that can move mountains.
Unconditional, nonjudgmental loving. This is our aim, life's single highest and most rewarding pursuit. — Greg Anderson

The evidence for indicting immunisations for SIDS is circumstantial, but compelling. However, the keepers of the keys to medical-research funds are not interested in researching this very important lead to the cause of an ongoing, and possibly preventable, tragedy. Anything that implies that immunisations are not the greatest medical advance in the history of public health is ignored or ridiculed. Can you imagine the economic and political import of discovering that immunisations are killing thousands of babies? — Frederick Douglass