Quotes by Economists

Foreigners will eventually own so much of America that there will be nothing left to trade. Peter Navarro
Will Own Nothing Trade Foreigners Left America Much Eventually
One of the goals of the Trump administration is to reclaim all of the supply chain and manufacturing capability that would otherwise exist if the playing field were level. Peter Navarro
Goals Field Otherwise Reclaim Administration Would Supply Supply Chain Were Exist Trump Capability Manufacturing Chain Level Playing Playing Field
We're going right down the toilet, and it's a made-in-China toilet. Peter Navarro
Down Going Toilet Right
I teach MBAs. And I noticed, starting a few years after China joined the World Trade Organization, that a lot of my students were no longer employed. They were still coming to get their MBA, but they'd lost their jobs. And I started to ask questions why. And, at that point, all roads were leading to Beijing. Peter Navarro
World Organization Lost Few Jobs Joined Point Students Roads Leading Longer Employed Trade Trade Organization Still Coming Were Years Lot Questions Get Beijing After China Ask Noticed Teach Why Started World Trade World Trade Organization Starting
The American people have been kicked in the teeth by unfair trade for decades. Peter Navarro
People Unfair Teeth Kicked Trade Been Decades American American People
There's a natural antipathy on the part of the voters to a continuation of globalization as we know it. It's simply a code word today for bad trade deals that disadvantage the American people. Peter Navarro
Today Natural People Word Bad Disadvantage Part Simply Voters Know Globalization Trade Deals Continuation Antipathy American American People Code
The basic problem is for a congressman or a president to get elected, they need obscene amounts of money. And the only place you can get obscene amounts of money is from Wall Street and the big corporations who benefit from shipping our jobs and our factories overseas - that's the fundamental political problem. Peter Navarro
You Problem Money Political Big President Benefit Our Corporations Jobs Only Obscene Factories Big Corporations Overseas Shipping Wall Wall Street Get Place Elected Congressman Who Fundamental Street Amount Basic Need
The most important thing for small businesses is getting the economy back on its feet. That - the key driver of small business activity is demand for their product, and that is what we are trying to do, getting the economy back on its feet. That's far more important than other factors. Peter Orszag
Business Key Important Other Back More Small Small Business Small Businesses Factors Driver Demand Feet Economy Most Most Important Thing Important Thing Than Trying Getting The Most Important Far Product Businesses Activity Thing
For example, I was privileged to be working at the White House under the Clinton administration and had not finished my Ph.D., and I thought I was the cat's meow. Peter Orszag
Thought Example Finished White White House Administration Cat Had For Example House Clinton Clinton Administration Privileged Working
Well, I think what we need to remember is that budget deficits can impede economic activity. Peter Orszag
Remember Think Deficits Economic Economic Activity Budget Budget Deficits Well Activity Need
Property is theft. Pierre-Joseph Proudhon
Property Theft
The great are only great because we are on our knees. Let us rise! Pierre-Joseph Proudhon
Great Our Rise Only Knees Because Us Let Us
By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth. And by substituting special interests for the public interest, it is harmful to democratic expression. Raghuram Rajan
Capitalism Competition Opportunity Free Harmful Enterprise Free Enterprise Economic Economic Growth Democratic Interest Public Interests Public Interest Transparency Special Special Interests Expression Growth
Uncertainty of any sort results in volatility, and Brexit will be no exception. Raghuram Rajan
Will No Exception Uncertainty Results Exception Volatility Sort Any Brexit
If economists were to wait for careful studies before offering opinions about policy, we would never have anything timely to say. Raghuram Rajan
Wait Before Say Would About Never Studies Economists Policy Opinions Were Timely Offering Anything Careful
If developed countries' citizens want to feel slightly better about their economies' slow growth and high unemployment, they should contemplate how much worse matters could be without the institutions that they have. Raghuram Rajan
Better Slow Matters Worse Slightly High Citizens Slow Growth About High Unemployment Could Developed Developed Countries Feel Countries Economies Contemplate Institutions Without How How Much Unemployment Want Much Should Growth
Competition is like a treadmill. If you stand still, you get swept off. But when you run, you can never really get ahead of the treadmill and cover new terrain - so you never run faster than the speed that is set. Raghuram Rajan
You Competition Faster Speed Run Never New Like Terrain Still Cover Off Than Get Really Stand Swept Treadmill Set
In a world with weak aggregate demand, countries are engaging in a futile competition for a greater share of it. In the process, they are creating financial-sector and cross-border risks that will become increasingly apparent as countries exit their unconventional policies. Raghuram Rajan
Risks World Competition Will Become Increasingly Weak Futile Share Unconventional Demand Countries Policies Greater Exit Process Creating Aggregate Engaging Apparent
Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long term yields, there are short term yields, there is credit growth. Raghuram Rajan
Long Down Rate Exchange Exchange Rate Long-Term Term Like Policy Juggling Balls Up Yields Six Short Short-Term Interest Monetary Monetary Policy Credit Growth
A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run, the more scenery you see - so you have some incentive to run fast. Raghuram Rajan
You Nothing Faster Monopoly Run Running See Some More Scenery Firm Like Move Move Forward Incentive Ground Forward Fast Compels
Every adverse development across the world affects the rest of the world in some way. Raghuram Rajan
World Rest Every Way Some Development Adverse Affects Across
One of the difficulties of a job in the, quote, 'real world' is you don't really get time to shut yourself off in a room and think. Raghuram Rajan
Time You Yourself World Job Think Difficulties Real Off Get Real World Quote Room Really Shut
The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks. Raghuram Rajan
Few Adhering Emerging Economies Policy Sound Done Avoided
Indian-ness, love for your country, is complicated. For every person, there is a different way that you show respect for your country... my mother-in-law will say karmayogi is the way to go - do your work. Raghuram Rajan
Work Love You Respect Complicated Will Country Every Way Say Mother-In-Law Go Person Different Your Show Different Way
The problem with forbearance is that it always looks like a good thing to do until it stops working. Raghuram Rajan
Good Problem Good Thing Like Until Forbearance Looks Always Stops The Problem With Working Thing
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on growth. Raghuram Rajan
Saying Other Distort Constraints Prices Unconventional Policies Acceptable Tantamount Domestic Endorsing Asset Monetary Growth
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