• Society

  It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.

  4.5 · 21 votes · 130 reads

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• Society

  Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my

  4.5 · 46 votes · 196 reads

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• Society

  Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer.

  4.6 · 28 votes · 117 reads

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• Society

  Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.

  3.8 · 21 votes · 66 reads

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• Countries

  Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staf

  3.9 · 42 votes · 111 reads

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• Society

  Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

  3.8 · 27 votes · 100 reads

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• Science and Technology

  One of the major problems with China is that its innovation is largely borrowed technology.

  3.0 · 18 votes · 17 reads

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• Society

  One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last night, by 11 A.M. this morning, that won't tell you very much about what they're doing.

  3.5 · 23 votes · 17 reads

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• Time

  People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have m

  5.0 · 53 votes · 162 reads

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• Society

  Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

  3.1 · 15 votes · 89 reads

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• Countries

  Putin probably, almost certainly, thinks that one of the great disasters of the 20th century was the demise of the Soviet Union. It's very obvious that he's trying to work its way back and maintain something similar to that sort of institution.

  3.0 · 53 votes · 93 reads

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• Government and Politics

  Revolutions are something you see only in retrospect.

  3.8 · 42 votes · 181 reads

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• Government and Politics

  Since 1948 I have spent every single day thinking how the economic and political worlds have changed.

  3.5 · 59 votes · 128 reads

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• Society

  The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

  4.4 · 6 votes · 150 reads

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• Countries

  The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit is extremely difficult.

  4.4 · 32 votes · 53 reads

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• Art and Culture

  The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax returns in the band, was the decision I made to leave the music business on economic grounds.

  4.4 · 42 votes · 26 reads

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• Countries

  The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.

  3.6 · 60 votes · 198 reads

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• Society

  The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out.

  3.8 · 53 votes · 167 reads

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• Society

  The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.

  4.3 · 43 votes · 186 reads

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• Various

  The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower.

  4.5 · 64 votes · 18 reads

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• Thought and Reason

  The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

  4.6 · 5 votes · 155 reads

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• Society

  The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

  4.2 · 57 votes · 180 reads

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• Society

  The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

  3.7 · 58 votes · 64 reads

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• Society

  There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - o

  3.2 · 41 votes · 75 reads

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• Countries

  There is a huge number of people outside our borders who would love to come here. In fact, many of them come here, get well educated, and then are required to leave... This is a factor in income inequality.

  3.2 · 63 votes · 98 reads

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• Society

  There is a limit to how much the United States Treasury can borrow.

  3.1 · 54 votes · 21 reads

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• Nature

  There's no other job in public life that is like chairman of the Fed.

  4.5 · 30 votes · 18 reads

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• Art and Culture

  To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

  3.8 · 13 votes · 161 reads

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• Society

  Unless you are willing to compromise, society cannot live together.

  3.9 · 23 votes · 4 reads

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• Feelings

  We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

  4.1 · 7 votes · 2 reads

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• Society

  We really can't forecast all that well, and yet we pretend that we can, but we really can't.

  4.7 · 56 votes · 30 reads

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• Government and Politics

  We're a democratic society. Shutting down the government should not be on the agenda.

  4.9 · 22 votes · 61 reads

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• Society

  What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And the one thing all human beings do when they are confronted with uncertainty is pull back, withdraw, disengage, and that means econ

  4.6 · 16 votes · 98 reads

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• Time

  What I see in the corporate sector is very clearly an issue of a major shortfall in the issue of, what some people call confidence, but whatever you want to call it. Clearly people are looking out in the very distant future and they are saying that it is

  3.5 · 5 votes · 166 reads

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• Society

  Whatever you tax, you get less of.

  3.8 · 58 votes · 21 reads

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• Time

  When you go back and look at American history, it's not terribly different from Canadian history. If you weren't self-reliant on the prairie, you wouldn't survive.

  4.1 · 49 votes · 145 reads

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• Virtues

  You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

  3.0 · 59 votes · 20 reads

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Page 2 of 2 · 77 quotes

What they wrote about

• Economy26 of their quotes
• Finance6 of their quotes
• Money5 of their quotes
• Society5 of their quotes
• America4 of their quotes
• Government4 of their quotes