Quotes about Complex Economy

Jared Bernstein

You simply can’t run an economy as complicated as ours on ideology alone.

There have always been economic and political ideologues. However in the George W. Bush administration ideological purity was a key criterion for appointment, and many appointments were made of ideologues who had no experience and had accomplished little previously. This quotation was a criticism of the unfettered free market ideology of so many of the Bush appointees. Critics like Bernstein saw this ideological focus as opposed to pragmatism, as responsible for the poor economic record of the Bush administration. Apologists for Bush and conservative economic ideology attribute the economic problems to cycles over which the administration and government had little control.

Kurt Vonnegut

The economy is a thoughtless weather system.

Jonah Goldberg

There is no - let me repeat - no example in the last quarter-century of a large, complex economy that has been successful with high taxes.

Chanda Kochhar

We have to understand that India is a complex country. Everything takes time for the real impact to get translated to the economy.

Isabel Paterson

Money is indispensable to a long-circuit heavy load energy system. It must be used when a sufficient surplus is being produced to allow a margin for exchange, and cost of transport, over a considerable distance. Money represents a storage battery when idle, and a generalized mode of the conversion of energy when it is in motion, with a function of equating time and space.

Tim Harford

Failure is inevitable; it happens all the time in a complex economy.

Charles Krauthammer

I think the first thing is to recognize a mistake that Obama made. And others have made in thinking that you can revolutionize a system that's unbelievably complex and interlinked, one-sixth of the economy. That was a mistake because whenever you change one thing, it changes 80 other things, and now if you're changing everything at once, you have no idea what the outcome is going to be and you get all of these unintended side effects.

John Podesta

This tough-love, winner-take-all narrative dominating policymaking is far too limited a way to think about how a complex, modern, diverse economy like ours expands and thrives. The strongest periods of economic growth in the 20th century were also times when incomes rose across the board.

Complex Economy Quotes