Economics Quotes

My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody … I think when you spread the wealth around, it's good for everybody.

The notion that I would somehow resist doing something that cost half as much but would produce twice as many jobs — why would I resist that? I wouldn't. I mean, that's my point, is that — I am not an ideologue. I'm not. It doesn't make sense if somebody could tell me "You could do this cheaper and get increased results" that I wouldn't say, great —\xa0the problem is, I couldn't find credible economists who would back up the claims that you just made.

And that kind of economic growth, where everybody has opportunity -- if you work hard, you can succeed -- that's what gets a nation moving rapidly when it comes to develop. But that kind of growth can only be created if corruption is left behind. For investment to lead to opportunity, reform must promote budgets that are transparent and industry that is privately owned.

And let us remember that in a global economy, a country’s greatest resource is its people. So by investing in you, this nation can open the door for far more prosperity -- because unlocking a nation’s potential depends on empowering all its people, especially its young people.

Peace with justice means free enterprise that unleashes the talents and creativity that reside in each of us; in other models, direct economic growth from the top down or relies solely on the resources extracted from the earth. But we believe that real prosperity comes from our most precious resource -- our people.

Because what it turns out is, is that if a -- the best way for a country to reduce its debt is to grow really fast, and to generate more income.

Africa’s progress will depend on unleashing economic growth -- not just for the few at the top, but for the many, because an essential element of dignity is being able to live a decent life. That begins with a job. And that requires trade and investment.

I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical form.

It is gratifying to report that the progress of industry, the enormous increase in individual productivity through labor-saving devices, and the high rate of wages have all combined to furnish our people in general with such an abundance not only of the necessaries but of the conveniences of life that we are by a natural evolution solving our problems of economic and social justice.