Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. — Joseph Stiglitz
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. And if it stops moving, subsidize it. — Ronald Reagan
Monetary policy is about the redistribution of wealth and income from the masses to the classes. — Russell Napier
The success of monetary policy should be judged by the economy's performance against our statutory mandates of price stability and maximum employment. — Jerome Powell
Budget consolidation and economic growth are two sides of the same coin. — Angela Merkel
For policy makers interested in using tax policy to stimulate investments or especially to smooth business cycle fluctuations, the results are not promising. — Austan Goolsbee
[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics — Ludwig von Mises
The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment. — Jerome Powell
Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity. — Paul Ryan
While monetary policy can contribute to growth by supporting a durable expansion in a context of price stability, it cannot reliably affect the long-run sustainable level of the economy's growth. — Jerome Powell
It is the aim of good government to stimulate production, of bad government to encourage consumption. — Jean-Baptiste Say
Climate change policy is about how we redistribute de facto the world’s wealth. — Ottmar Edenhofer
Promote fair opportunities, increase the income of low-income people, expand middle-income groups, standardise the order of income distribution and standardise wealth accumulation mechanisms. — Xi Jinping
Monetary policy itself cannot sensibly be directed at reducing imbalances. — Timothy Geithner
Political Economy or Economics is a study of mankind in the ordinary business of life. — Alfred Marshall
Short Economic Policy Quotes
Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy. — Franklin D. Roosevelt
More generally, I strongly believe in the importance of fiscal responsibility. — Rishi Sunak
The less government interferes with private pursuits, the better for general prosperity. — Martin Van Buren
The new mixed economy looks...for a synergy between public and private sectors. — Anthony Giddens
Government cannot make man richer, but it can make him poorer. — Ludwig von Mises
There will be a fiscal adjustment of 5 points of GDP that will fall on the public sector. — Javier Milei
If you want to make peace with your enemy, you have to work with your enemy. The he becomes your partner.
New Economic Policy Quotes
I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created. — Romano Prodi
A new study says that working fewer hours can slow global warming. So you know what that means? President Obama's economic policy is also his climate change policy. — Jay Leno
We need new proactive policies that focus directly on how authorities in the public and private sphere can blend economic and social policies with an enabling environment for private initiative to create market opportunities for Decent Work. — Juan Somavia
Honesty is the best policy.
We need more than new policies. We need a new worldview, and a new bottom line. We need to replace economic values as our ordering principle, with humanitarian values as our ordering principle. — Marianne Williamson
New Labour was the most short-sighted, self-serving, incompetent, useless, and ineffective government that Britain has ever known. — Liam Fox
Low unemployment numbers are clear indicators that Republican tax relief and economic policies are spurring growth and helping businesses hire new workers while providing American families with job security. — J. D. Hayworth
Honesty is the best policy, but insanity is a better defense.
It was almost forbidden in the Soviet Union to study the New Economic Policy. — Anatoly Chubais
New Labour was the most short-sighted, self-serving, incompetent, useless, and ineffective government that Britain has ever known. Make no mistake, Labour's economic policies were a national security liability. — Liam Fox
We need a new Latin American policy that is bold - different. We need to focus on building civil society, focus on the lack of infrastructure. We need look at ways to foster economic opportunity.There needs to be a more comprehensive economic vision in the region. — Mel Martinez
The New York Times had a headline on its website - Trump Turning To Ultra Wealthy To Steer Economic Policy. This doesn't sound very populist to me. Today's commerce secretary, the names being talked about for treasury secretary, I think there will be populist talk but maybe no populist action. — E. J. Dionne
What Is Economics Quotes
We are not afraid of economic sanctions or military intervention. What we are afraid of is Western universities. — Ruhollah Khomeini
To deal with radicalism and extremism, we need to deal with economic inequality. This is what I learned from my experience in Solo and then in Jakarta. — Joko Widodo
Even the greatest economic thinkers have historically struggled to agree on an answer to the question 'What is money?' — Robert Breedlove
We're all consumers. The consumer is not a moron; she is your wife.
We will never know what anyone is really like, until everyone has economic security and doesn't have to answer to anyone else. — Jacque Fresco
Movements have narratives. They tell stories, because they are not just about rearranging economics and politics. They also rearrange meaning. And they're not just about redistributing the goods. They're about figuring out what is good. — Marshall Ganz
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
Price is what you pay. Value is what you get.
What a country calls its vital economic interests are not the things which enable its citizens to live, but the things which enable it to make war. Petrol is more likely than wheat to be a cause of international conflict. — Simone Weil
Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it. — Hyman Minsky
If you’ve relied on data and logic alone to make sense of the economy, you’d have been confused for a hundred years straight…So much of what happens in our economy is rooted in emotions, which can, at times, be nearly impossible to make sense of. — Morgan Housel
Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics. — Robert Teeter
Policy Quotes
Being honest may not get you a lot of friends but it’ll always get you the right ones — John Lennon
Foreign influence is truly the Grecian horse to a republic. We cannot be too careful to exclude its influence. — Alexander Hamilton
Integrity gives you real freedom because you have nothing to fear since you have nothing to hide. — Zig Ziglar
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.
Dr. King's policy was, if you are nonviolent, if you suffer, your opponent will see your suffering and will be moved to change his heart. That's very good. He only made one fallacious assumption. In order for nonviolence to work, your opponent must have a conscience. The United States has none. — Stokely Carmichael
Honesty and transparency make you vulnerable. Be honest and transparent anyway. — Mother Teresa
Jingoism, racism, fear, religious fundamentalism: these are the ways of appealing to people if you're trying to organize a mass base of support for policies that are really intended to crush them. — Noam Chomsky
We live in a country that talks about being the home of the brave and the land of the free, and we have the highest incarceration rate in the world. — Bryan Stevenson
Speak the truth. Transparency breeds legitimacy. — John C. Maxwell
Trust, honesty, humility, transparency and accountability are the building blocks of a positive reputation. Trust is the foundation of any relationship. — Mike Paul
Let us wage a moral and political war against the billionaires and corporate leaders, on Wall Street and elsewhere, whose policies and greed are destroying the middle class of America. — Bernie Sanders
Government Policy Quotes
Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation. — Unknown Author
I often traveled to Nicaragua to speak against repressive policies by the Sandinista government. — Bianca Jagger
Food price inflation is running at 13% in Ireland. The people creating policy are laughably unserious. The government is borrowing money to give to farmers to destroy the food supply. This is Robert Mugabe economic policy. — Philip Pilkington
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed. — Nigel Farage
Ed Balls has made it crystal clear that, left to its own devices, a Labour government would simply carry on with the same budget policies as the Tories. — Nicola Sturgeon
Our policy for the last many years has been to deter the Chinese government in Beijing from ever coming into the position where they thought they had enough leverage over the U.S. to cross the Straits of Taiwan. — Bob Filner
We can send all the blame to any government we like. We can say President Trump’s policies are wrong. We can say Mexico’s policies are wrong. But, what about our blame? — Nayib Bukele
Besides a happy policy as to civil government, it is necessary to institute a system of law and jurisprudence founded in justice, equity, and public right. — Ezra Stiles
No government can successfully achieve all three goals of having a fixed foreign exchange rate, free capital flows, and an independent monetary policy. — Saifedean Ammous
Unlimited enmity of the Albanian people against Serbia is the foremost real result of the Albanian policies of the Serbian government. The second and more dangerous result is the strengthening of two big powers in Albania, which have the greatest interests in the Balkans. — Dimitrije Tucovic
Economic Development Quotes
Economic growth without investment in human development is unsustainable - and unethical. — Amartya Sen
The oil is a gift bestowed by God on the Arab nation, to use after centuries of poverty, backwardness and servitude - in raising its living standards, developing its economic, social and cultural conditions, and building up its own power to meet the challenges and conspiracies besetting it. — Saddam Hussein
Neither the military might nor the economic and technological development makes a nation great. It is made great by it's citizens with Self Respect and Integrity ingrained in their lives. — Pandurang Shastri Athavale
...climate change is accelerating. It threatens our well being, our security, and our economic development. It will lead to uncontrollable risks and dramatic damage if we do not take resolute countermeasures. — Angela Merkel
Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance. — Ban Ki-moon
This will enable us to catalyse green transition in the course of economic development and achieve greater development through green transition. — Xi Jinping
We will become a global advocate for rainforest preservation and marine restoration. We will rethink development policies that promised economic growth while ignoring ecological sustainability, and ended up delivering neither. — Robert F. Kennedy, Jr.
Development is about transforming the lives of people, not just transforming economies. — Joseph Stiglitz
It will bring financial inclusion, investment, tourism, innovation and economic development for our country. — Nayib Bukele
The solution is to first create an integrated economic development and recreation plan that addresses the needs of the people who live and recreate in central Idaho. — Michael K. Simpson
Economic Issues Quotes
The economic issues are most vital for us and it is of the highest importance that we should fight our biggest enemies - Poverty, unemployment. — Lal Bahadur Shastri
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth. — Angela Merkel
Scotland has a great deal to offer the world in terms of our approach to key economic and social issues. — Nicola Sturgeon
Using some economic issues to make one group of people, regardless of race or religion, the scapegoat for all the problems of the country is just the stupidest, and yet, the most creative propaganda scheme that you can come up with. — Immortal Technique
Innovation is the central issue in economic prosperity. — Michael Porter
We simply can no longer afford to deny the full potential of one half of the population. The world needs to tap into the talent and wisdom of women. Whether the issue is food security, economic recovery, health, or peace and security, the participation of women is needed now more than ever. — Michelle Bachelet
Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power. — David Ricardo
Now our Earth is swarmed with issues such as life, death, illness, wars, economic crises and many others. It is time that we sing out loud the message, 'Love forever.' — Yayoi Kusama
The issue is always the same: the government or the market. There is no third solution. — Ludwig von Mises
The reason I made women's issues central to American foreign policy, was not because I was a feminist, but because we know that societies are more stable if women are politically and economically empowered. — Madeleine Albright
Energy Policy Quotes
But one must say clearly that we redistribute de facto the world's wealth by climate policy...One has to free oneself from the illusion that international climate policy is environmental policy any more. — Ottmar Edenhofer
We must shift the energy policy debate in America with an increased focus on alternative and renewable fuels and Congress must pass meaningful alternative fuels and incentive programs to help move the U.S. away from dependence on foreign oil. — Rick Renzi
As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy. — Chris Van Hollen
Energy Policy will be and should be driven by environmental policy in the future. — Tim Wirth
The people see that Wall Street is running our economic policy, that big oil is running our energy policy and the military industrial complex is determining our foreign policy. — Alan Grayson
We don't know how to use energy or what to use it for. And we cannot restrain ourselves. Our time is characterized as much by the abuse and waste of human energy as it is by the abuse and waste of fossil fuel energy. — Wendell Berry
Real security, in other words, is inseparable from issues of energy policy; education; public health; preservation of soils, forests, and waters; and broadly based, sustainable prosperity. — David W. Orr
The policies being promoted are insane... If you believe energy poverty is a good thing, you should support controls on carbon emissions. But most of the world disagrees with that. — Myron Ebell
For too long, our country's version of an energy policy has consisted of Americans waking up every day and wondering how much it will cost to drive to work, how much it will cost to keep their business running, how much it will cost to heat or cool their homes. — Bob Beauprez
In a world of increasing interdependence, energy security will depend much on how countries manage their relations with one another. That is why energy security will be one of the main challenges of foreign policy in the years ahead. Oil and gas have always been political commodities. — Daniel Yergin
Economic Growth Quotes
We cannot choose between [economic] growth and sustainability - we must have both — Paul Polman
Government is not the generator of economic growth; working people are. — Phil Gramm
Technological innovation is indeed important to economic growth and the enhancement of human possibilities. — Leon Kass
Politicians of both parties told us that free trade with Asia and Latin America would spur economic growth, and maybe it did somewhere else. — James David Vance
We need to gain an accurate understanding of what sustainable development means, put the people first, and strike a balance between economic growth, ensuring people’s well-being, and energy conservation and emissions reduction. — Xi Jinping
Having a lower tax, simpler, fairer, flatter tax system is something that can drive growth. — Rishi Sunak
We need peace and stability in the Asia-Pacific region. It is important to have political and security stability to build up our economic growth. — Joko Widodo
Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States. — Ronald Reagan
Education affects every major challenge we face in society. It creates economic growth, paves the way for peace and stability and helps erase the legacy of marginalization. — Shakira
Education is the most powerful tool countries have for boosting economic growth, increasing prosperity and forging more just, peaceful and equitable societies. Where educational deprivation exists, it breeds conflict and enables repression. — Wendy Kopp
Fiscal Policy Quotes
Taxation of earnings from labor is on a par with forced labor. Seizing the results of someone's labor is equivalent to seizing hours from him and directing him to carry on various activities. — Robert Nozick
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. — Barack Obama
The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline. — Debbie Stabenow
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency. — Amity Shlaes
The potential gains from improved stabilization policies are on the order of hundredths of a percent of consumption, perhaps two orders of magnitude smaller than the potential benefits of available supply-side fiscal reforms. — Robert Lucas, Jr.
President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health. — Bob Beauprez
Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock. — Sri Mulyani Indrawati
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed. — Paul Krugman
Fiscal policy, monetary policy, they need to work together to try and raise the level of growth. — Joe Hockey
Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks. — Alan Greenspan
Environmental Policy Quotes
Climate policy has almost nothing to do anymore with environmental protection, says the German economist and IPCC official Ottmar Edenhofer. The next world climate summit in Cancun is actually an economy summit during which the distribution of the worlds resources will be negotiated. — Ottmar Edenhofer
I believe in a sound, strong environmental policy that protects the health of our people and a wise stewardship of our nation's natural resources. — Ronald Reagan
We've got to ride the global-warming issue. Even if the theory of global warming is wrong, we will be doing the right thing in terms of economic policy and environmental policy. — Tim Wirth
This is the moment when we must come together to save this planet. — Barack Obama
If the U.S. wants to help people in tsunami-hit countries like Sri Lanka and Indonesia - not to mention other poor countries in Africa - there's one step that would cost us nothing and would save hundreds of thousands of lives. It would be to allow DDT in malaria-ravaged countries. — Nicholas D. Kristof
We know taxes slow down economic growth, so if you add a carbon tax you have to also minus other taxes. You can't take more money out of people's pockets. I don't think you can build a consensus in this country about environmental policy if you're going to make people poor. — Christy Clark
...Environmental groups are too often alarmists. They have an awful track record, so they've lost credibility with the public. — Nicholas D. Kristof
Over the next ten years, I predict, the mainstream of the environmental movement will reverse its opinion and activism in four major areas: population growth, urbaninzation, genetically engineered organisms, and nuclear power. — Stewart Brand
Environmental policy must strike a balance between the earth's best interests and our citizen's pressing needs — Jim Clyburn
We need to accept the seemingly obvious fact that a toxic environment can make people sick and that no amount of medical intervention can protect us. The health care community must become a powerful political lobby for environmental policy and legislation. — Andrew Weil
The essence of neo-colonialism is that the State which is subject to it is, in theory, independent and has all the outward trappings of international sovereignty. In reality its economic system and thus its political policy is directed from outside. — Kwame Nkrumah
1. God is real. 2. There are two genders. 3. Human flourishing requires fossil fuels. 4. Reverse racism is racism. 5. An open border is no border. 6. Parents determine the education of their children. 7. The nuclear family is the greatest form of governance known to mankind. 8. Capitalism lifts people up from poverty. 9. There are three branches of the U.S. government, not four. 10. The U.S. Constitution is the strongest guarantor of freedoms in history. — Vivek Ramaswamy
However, Argentina has not always used its advantages to the fullest. A hundred years ago it was among the ten richest countries in the world — ahead of France and Italy. But a failure to diversify, a stratified and unfair society, a poor education system, a succession of coup d’etat, and the wildly differing economic policies in the last 30 years has seen a sharp decline in Argentina’s status. The Brazilians have a joke about their snobbish neighbors: ‘Only people this sophisticated could make a mess this big.’ — Tim Marshall
Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the Fed and its ability to distort the economy, penalizing labor, or make the Fed's distortions available to all businesses and all workers. — Max Keiser
I believe that we can create a poverty-free world because poverty is not created by poor people. It has been created and sustained by the economic and social systems that we have designed for ourselves; the institutions and concepts that make up that system; the policies that we pursue. — Muhammad Yunus
Policies that promote better wages and better jobs would be super-helpful, and I'm a big fan of programs that encourage people to go where jobs are. — James David Vance
The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy. — Timothy Geithner
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. — John Kenneth Galbraith
In 100% of the situations, good environmental policy is identical to good economic policy. If we want to measure our economy, this is how we ought to be measuring - based upon how it produces jobs and the dignity of jobs over the generations and how it preserves the value of the assets of our community. — Robert F. Kennedy, Jr.
One of the great mistakes is to judge policies and programs by their intentions rather than their results. — Milton Friedman
Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class. — Bernie Sanders
I'm not much of an economic conservative, and I'm not conservative at all on foreign policy. — Tucker Carlson
In a world of global trade and integrated capital markets, it is natural for economic and financial shocks and policy actions to be transmitted across borders. — Jerome Powell
During the debate over NAFTA President Clinton said, 'I believe that NAFTA will create a million jobs in the first five years of its impact.' WRONG. According to the Economic Policy Institute, NAFTA has led to the loss of more than 680,000 U.S. jobs. I voted against NAFTA and other bad trade agreements and am fighting to stop the TPP. — Bernie Sanders
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. — Ronald Reagan
Are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare, or do we want to go at the root causes of poverty and economic stagnation by promoting pro-growth policies that promote prosperity? — Paul Ryan
By maintaining the separation of church and state, the United States has avoided the intolerance which has so divided the rest of the world with religious wars. — Barry Goldwater
If this Government cannot get the adjustment, get manufacturing going again, and keep moderate wage outcomes and a sensible economic policy, then Australia is basically done for. We will end up being a third rate economy... a banana republic. — Paul Keating
It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory. — David Stockman
Inflation is always and everywhere a monetary phenomenon. — Milton Friedman
Encouraging self-sufficiency must be a bedrock for our immigration policy, with the goal of reducing poverty, strengthening the family, and promoting our economic values. But Administration officials and their policies are working actively against this goal. — Jeff Sessions
We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than dispelled by the political organization, exert a strong influence on policy making. — Ronald Coase
Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy. — Ron Paul
My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police. — Margaret Thatcher
No matter how disastrously some policy has turned out, anyone who criticizes it can expect to hear: 'But what would you replace it with?' When you put out a fire, what do you replace it with? — Thomas Sowell
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
Why does a public discussion of economic policy so often show the abysmal ignorance of the participants? — Robert Solow
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. — Henry Hazlitt
We call for a welcoming path to citizenship, an end to police violence, and a transformed foreign policy based on international law and human rights - not based on these policies of regime change and economic and military domination. — Jill Stein
Progressive economic policies lead to a sustainable economy. — Keith Ellison
In economics, we borrowed from the Bourbons; in foreign policy, we drew on themes fashioned by the nomad warriors of the Eurasian steppes. In spiritual matters, we emulated the braying intolerance of our archenemies, the Shite fundamentalists. — Barbara Ehrenreich
After all, despite the economic advantage to firms that employed child labor, it was in the social interest, as a national policy, to abolish it - removing that advantage for all firms. — Barry Commoner
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good. — Paul Hawken
What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them. — Ludwig von Mises
State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness. — Ludwig von Mises
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