Angus Deaton Quotes

For consumers to benefit from technology, there has to be fair and open competition. Fair and open competition is the only course we know that can lead to meaningful innovation.

To get back to the kind of shared prosperity and upward mobility we once considered normal will require another era of fundamental reform, of both our economy and our democracy.

Higher taxes still does not create prosperity for all. And, more government still does not grow jobs.

Poverty is a solved problem - all they have to do is abolish taxes and regulations which cripple those intelligent, capable, and responsible men and women and destroy their productive capacity, then stand back and watch the economy boom.

The fact is, when it comes to economic leadership, the Republicans have nothing to brag about. This isn't what the American people want. They want to see progress that works for them.

The Ryan budget puts America on the wrong path and attempts to reduce our deficit solely on the backs of our nation's most vulnerable. Instead of reducing opportunities for 99 percent of Americans, it is time for this Congress to come together and put forth an economic agenda that provides every hard-working American with a fair shot at success.

I like free markets, but I do like fair markets.

there are times when we need to step in to make sure that competition works the way it should. By doing that, we help the market to work fairly, because competition gives consumers the power to demand a fair deal. It means that companies know that if they cannot offer good prices or the service that's expected, well, the customers will go somewhere else.

From the day he first walked through the door of the Oval Office, President Obama's top priority has been growing our economy, creating good jobs, and rebuilding middle class security.

The reformocons court right-wing censure simply by acknowledging that the middle class is under pressure and that government has a role to play beyond cutting taxes.

There are some templates that are in place for bipartisan investment in ways to make our economy stronger and ways to lift the middle class and help the vulnerable.

Do we want more of the same regulatory mission creep that has helped to harm America's poor and middle class? Do we want more of the policies that have stifled growth? Or do we want something else, something different, something that focuses on the need to reevaluate the size, the scope, the cost, the reach of the federal government?

Democrats must adopt a progressive economic message that focuses on large, direct infrastructure investments, affordable health care, portable pensions, and public-private investments that promote advanced manufacturing.

The Tax Cuts and Jobs Acts slashes taxes on the very wealthy and kills regulations with the idea that rich businessmen will invest their money into the economy to support workers - the same idea that Republicans embraced in the 1920s.

From the very beginning, I've talked about how we're going to strengthen the middle class in this country.

My primary mission as president will be to create more opportunity and more good jobs with rising wages right here in the United States. From my first day in office to my last, especially in places that for too long have been left out and left behind.

Democrats like Hillary Clinton and Bernie Sanders want to raise taxes on the rich, saying it will solve inequality. It won't. All that will do is significantly reduce incentives to work, save, and invest. But I say inequality is not the problem. The problem is a lack of growth.

Successful businesses create jobs; that is true. But the notion that if we cut taxes enough for the very rich and for already hugely profitable businesses, then all that money will trickle down to everyone else in the form of job creation is simply false.

I think our failure as a caucus has been not to focus on economic issues. I think we - and I'm supportive of all the issues that - that we talk about, but you need an economic - a robust, economic message that - that covers everybody.

We've got tax and regulatory policies in this country that are driving a lot of businesses overseas, and so I think there's a lot that we can do using principles of constitutionally limited government to help address people who share these concerns.

I don't know any nation on Earth that succeeded in creating a strong middle class with rising wages based on building a stronger and bigger government.

We have to shift the social model from a lot of formal protections toward loosening bottlenecks in the economy.

It's a false choice to say we either have job safety or job growth. It's a false choice to suggest that the only way for a business to survive is to make sure workers have low wages and little or no benefits. There are ample models across this country where we've demonstrated the contrary.

Many people do not understand that business investment is a critical prosperity-booster, leading to more jobs, higher wages, and stronger family income. Put another way, rising tax and regulatory burdens that penalize investors and businesses also punish middle-income wage earners.

Historically, it has required a combination of favorable employment trends and active government intervention to lower the percentage of people in poverty and raise living standards for the working middle class.