Economist Quotes

The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity.
The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule.
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.
The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.
The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.
There's a lot of strength in the U.S., but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.
Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass.
We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.
We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.
We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy.
We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.
White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.
A refuge is supposed to prevent what? The genes from flowing out of sight? This refuge idea won't stop insects from moving across boundaries. That's absurd.
Back in 1983, the United States government approved the release of the first genetically modified organism. In this case, it was a bacteria that prevents frost on food crops.
Back in the mid-1980s, congressional hearings were held after we brought this litigation, and held up the first experiment. At that time, I went in front of Congress, along with the major agencies involved with this.
Europe will not accept genetically modified foods. It doesn't make any difference in the final analysis what Brussels does, what Washington does, or what the World Trade Organization does.
Here we are 17 years later. Those agencies never did come through.
I know quite a few farmers all over the United States who have tried this and have said the opposite, that they have to use more herbicides, not less. The same holds true with BT.
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