Economic Disconnect Quotes

In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality... Asset markets are in the sky, and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up.

The connection has been lost between the country's direction, especially with regard to the way in which the economy has been run, and the citizen.

Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.

One of the things that strikes me is so many of the critics are people whose lifestyle doesn't change when the price of fuel changes, or if they keep a Wal-Mart store out of their area.

Now, for Romney to believe that somebody's grandmother is going to be so cut off she is going to self deport... He certainly shows no concern for the humanity of people who are already here... I think you have to live in worlds of Swiss bank accounts and Cayman Island accounts and automatic $20 million a year income with no work to have some fantasy this far from reality.

Conventional economics is a form of brain damage. Economics is so fundamentally disconnected from the real world, it is destructive.

Nothing is more destructive than the gap between people's perceptions of their own day-to-day economic well-being and what politicians and statisticians are telling them about the economy

I thought about societies where exceptional fortunes are built up in industries with very little connection to out sincere and significant needs, industries where it is difficult to escape from the disparity between a seriousness of means and a triviality of ends.