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Quotes by Economists
We do see significant signs of a slowdown, in the economy worldwide.
Marek Belka
Signs
Worldwide
Significant
See
Economy
We continue to be vigilant.
Marek Belka
Continue
Vigilant
Our rate moves will have an impact on the economy in 2013. Whether we raise or lower rates depends on how the economic situation develops.
Marek Belka
Will
Situation
Our
Impact
Rate
Rates
Economic
Economic Situation
Develops
Economy
How
Depends
Moves
Whether
Lower
Raise
I still have five years to the end of my term. There are many candidates. There'll be a problem if it's supposed to be a European or someone from the emerging countries, the so-called BRICS. This will be decided, but please don't think Poland has anything to say about it.
Marek Belka
Problem
Will
Think
Please
Say
About
Someone
Emerging
Poland
Countries
Term
Supposed
Still
Years
End
Five
Candidates
So-Called
Anything
Decided
European
Many
We're in a tightening cycle and the reason is the economy is growing, there's no expectation that the global economy and the Polish economy as a consequence could slow down dramatically.
Marek Belka
Slow
Expectation
Down
Dramatically
Could
Economy
Global
Global Economy
Polish
Cycle
Reason
Growing
Consequence
To the contrary, when you look at projections, both Polish and international, we can expect some slowing down of the rate of growth in the coming year, 2012. But of course these are projections.
Marek Belka
You
Year
Down
Some
Slowing
Rate
Both
Look
Course
Polish
Coming
Contrary
Expect
International
Growth
It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation.
Marek Belka
Inflation
Important
Embedded
About
Direction
More
Magnitude
Factors
Supply
Course
Shock
Probability
Sustainable
Pace
Translating
Many
Function
Including
Set
The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.
Mark Skousen
You
Business
Reality
Inflation
Market
Spending
About
Rates
Price
Retail
Consumer
Investment
True
Headed
Leading
Economy
Know
Look
Sales
Stock
Stock Market
Forget
Where
Want
Interest
Gains
Interest Rates
Productivity
Figures
The triumph of persuasion over force is the sign of a civilized society.
Mark Skousen
Society
Sign
Triumph
Civilized
Civilized Society
Over
Force
Persuasion
If you subscribe to any online service, whether it be AOL, Google, Yahoo, or the Huffington Post, have you noticed that you are forced to watch a seemingly endless ad before the video story appears about a news item that caught your eye? AOL and the Huffington Post are especially annoying.
Mark Skousen
Service
News
You
Post
Google
Before
Subscribe
Eye
About
Seemingly
Online
Annoying
Forced
Yahoo
Caught
Item
Endless
Any
Story
Whether
Video
Noticed
Your
Appears
Ad
Watch
YouTube offers the best solution by running an ad before showing the video, but also offering a 'skip ad' button that you can click after five seconds to go directly to the video if you are not interested in the ad. Now, that's what I call consumer sovereignty!
Mark Skousen
Best
You
Before
YouTube
Seconds
Solution
Running
Directly
Consumer
Also
Call
Click
Go
Five
Offering
Offers
Sovereignty
After
Not Interested
Interested
Video
Skip
Showing
Now
Ad
Button
The true principle of taxation is the benefit principle - those who benefit from a government service should pay for it. It's also known as the 'user pay' principle. Every effort should be made to link the payment of taxes or fees to the cost associated with the government service.
Mark Skousen
Service
Government
Made
Pay
Every
Benefit
Those
Cost
True
Fees
Also
Principle
Known
Link
Effort
Taxation
Taxes
Should
Payment
User
Who
Associated
I am tired of the constant demonizing of people via political labels.
Mark Skousen
Tired
People
Political
Constant
Am
Labels
Via
Our society does not give nearly enough credit to business leaders who create jobs, behave ethically and provide products and services that enhance our lives.
Mark Skousen
Business
Society
Enough
Our
Our Lives
Jobs
Give
Leaders
Does
Provide
Behave
Create
Ethically
Business Leaders
Products
Who
Enhance
Lives
Credit
Nearly
Services
It is business that generates the jobs, income and taxes that keep a country going.
Mark Skousen
Business
Country
Jobs
Going
Taxes
Keep
Income
Negative books can be bestsellers, but seldom classics.
Mark Skousen
Negative
Books
Classics
Seldom
I find it ironic how New York City Mayor Mike Bloomberg is so focused on such small issues as drink sizes, while ignoring the massive infrastructure challenges in New York - lousy roads, third-world airports, traffic jams, etc.
Mark Skousen
Challenges
Airport
Focused
City
Find
Small
Drink
Roads
New
Massive
How
Issues
Traffic
Ironic
Lousy
York
New York
New York City
Mayor
Sizes
While
Etc
Infrastructure
Mike
Ignoring
Bitcoin is not an actual physical coin, and if computers are shut down, you can't buy or sell them. That's why nothing will ever replace gold and silver coins themselves, and all investors should have them at home or in a safe deposit box.
Mark Skousen
Buy
Home
You
Bitcoin
Will
Nothing
Down
Coins
Physical
Silver
Computers
Investors
Safe
Box
Sell
Replace
Gold
Deposit
Them
Themselves
Should
Why
Ever
Actual
Shut
Coin
Millions of Americans were duped by the federal government and the Federal Reserve into buying homes they could not afford and failed to count the cost. When the financial crisis of 2008 hit, they could not keep up the monthly mortgage payments and defaulted.
Mark Skousen
Government
Financial
Monthly
Financial Crisis
Crisis
Cost
Could
Federal
Federal Government
Count
Federal Reserve
Failed
Mortgage
Were
Up
Hit
Duped
Afford
American
Payments
Reserve
Keep
Homes
Buying
Millions
Contrary to what President Obama said in his inaugural address, going on Medicare and food stamps does not strengthen us. Just ask people who are fourth-generation welfare recipients.
Mark Skousen
Food
People
Welfare
President
Recipients
President Obama
Address
Obama
Food Stamps
Does
Said
His
Contrary
Going
Just
Ask
Us
Stamps
Who
Medicare
Strengthen
I only have disdain for New York City Mayor Michael Bloomberg. He raised taxes and has increased regulations. What else is new? He's a bully who wants to micro-manage people's lives by mandate, not persuasion.
Mark Skousen
People
Increased
Else
City
Only
He
New
Bully
Michael
Disdain
York
Mandate
New York
New York City
Mayor
Wants
Taxes
Persuasion
Regulations
Who
Lives
Raised
The media simply does not understand Econ 101.
Mark Skousen
Simply
Understand
Does
Media
All workers, whether they are employed in the private or public sector, should avoid living 'paycheck to paycheck.' Studies show that every household wastes 10% or more of its salary or income on unnecessary expenditures or by not taking the time to shop for better prices. It's all a matter of proper budgeting.
Mark Skousen
Time
Better
Matter
Living
Every
Sector
Unnecessary
Proper
More
Prices
Studies
Taking
Employed
Budgeting
Household
Private
Salary
Shop
Expenditures
Whether
Public
Workers
Should
Paycheck
Show
Avoid
Public Sector
Income
Wastes
One suggestion my wife and I have used in our personal finance courses we teach at college is simply writing down all expenditures and seeing where the money goes. That alone will cause heads of households to think twice about x, y or z expenditure, and to consider carefully whether they really need something or not.
Mark Skousen
Finance
Alone
Writing
Money
Cause
Wife
Will
College
Down
Think
Carefully
Consider
Our
Seeing
About
Something
Simply
Heads
Households
Courses
Personal
Goes
Expenditure
Expenditures
Where
Whether
Really
Teach
Used
Twice
Suggestion
Need
Who uses funds more productively - private citizens or the government? I dare say that Warren Buffett can use his surplus funds more effectively in private business and creating jobs than the government can.
Mark Skousen
Government
Business
Say
Dare
Jobs
Citizens
More
Surplus
Private
His
Effectively
Than
Creating
Use
Productively
Warren
Warren Buffett
Who
Uses
Funds
Even though I've reached retirement age, I still plan to work - writing my investment newsletter, speaking at conferences, publishing books, and producing conferences like FreedomFest.
Mark Skousen
Work
Age
Writing
Books
Though
Investment
Retirement
Retirement Age
Like
Reached
Still
Conferences
Plan
Producing
Speaking
Even
Publishing
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