Economic Chaos Quotes

While, politically, a mixed economy preserves the semblance of an organized society with a semblance of law and order, economically it is the equivalent of the chaos that had ruled China for centuries: a chaos of robber gangs looting-and draining-the productive elements of the country.

Our global economy is out of control and performing contrary to basic principles of market economics.

Unregulated competition is a naive metaphor for anarchy.

The economy is a thoughtless weather system.

No amount of arms and armies can help stabilize those governments which are unable or unwilling to achieve social and economic reform and development. Military pacts cannot help nations whose social injustice and economic chaos invite insurgency and penetration and subversion.

The printing presses of the state treasuries cranked out reams of paper currency- showing wise kinds and blissful martyrs- while bankers wept and peasants starved.

What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.

The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath.

A neoliberal disaster is one who generates a mass incarceration regime, who deregulates banks and markets, who promotes chaos of regime change in Libya, supports military coups in Honduras, undermines some of the magnificent efforts in Haiti of working people, and so forth.

In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.

By the late 1970s, repression and economic chaos were causing increasing unrest throughout Latin America. Army strongmen were forced to cede power in Peru, Argentina, Uruguay, Brazil, Ecuador, Bolivia, Nicaragua, El Salvador, Honduras and the Dominican Republic.

People know, or dimly feel, that if thinking is not kept pure and keen, and if respect for the world of mind is no longer operative, ships and automobiles will soon cease to run right, the engineer's slide rule and the computations of banks and stock exchanges will forfeit validity and authority, and chaos will ensue.

Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong.

Insanity has infected all the central banks of the world.

Most conservatives know better than to promote the state funding of art. The result of such funding is the mess that modern art has become. Atonal music is to music what subsidized art is to art. ...The fact that cacophony has reigned almost supreme since 1900 is a testimony to Mises' original observation. Atonal music is to music what socialism is to economics: planned chaos.

I am convinced that the majority of the religious hierarchy today deplores the hardship inflicted on our people. I am referring not only to the martyrs but of the families who have been dispersed and terrified, who have no resources, and to the four million unemployed who are suffering from the economic chaos of a country which only a year earlier was giving employment to a million foreigners. Those who have chosen to serve God must feel profoundly sad at seeing ridicule poured on the most sacred principles of our religion.

People in all walks of life, and especially business, do not want to experience the collapse of cities like New York along with global finance and economy in chaos, but this is what business faces if we continue to attribute climate change to fossil fuels alone.

We should have a system of economics that is structure that is organic tools. We do not have it. We are all hanging by our eyebrows from skyhooks economically, just as we are architecturally.

You know, the cure for all this talk is really a good dose of incompetent government. You get that alternative and you'll never put Singapore together again: Humpty Dumpty cannot be put together again... my asset values will disappear, my apartments will be worth a fraction of what they were, my ministers' jobs will be in peril, their security will be at risk and their women will become maids in other people's countries, foreign workers.