Economic Reform Quotes

China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.

I fancied myself as some kind of god or an economic reformer like Keynes

China adopted a capitalist system in the 1980s, and they went from a 60% poverty rate to 10%.

China needs a currency that reflects underlying economic fundamentals.

I look back to the Great Depression, and what Roosevelt was able to do in very difficult times, to get Social Security through back in the time when it was seen as - well, it wasn't what it is today. It was sort of a last-ditch, if you really need it, you got it, but, today, it's much more a part of your retirement program.

For the Negro, Andrew Johnson did less than nothing when once he realized that the chief beneficiary of labor and economic reform in the South would be freedmen. His inability to picture Negroes as men made him oppose efforts to give them land; oppose national efforts to educate them; and above all things, oppose their rights to vote.

It's time to put the national interest before the interests of Wall Street.

This is a once in a lifetime event. It is very rare to remove 86% of the currency in circulation in one go. The logistics of such an operation are mammoth.

With each step away from communist constructivism to Hayekian capitalism, China has been richly rewarded.

The American economy must be altered to put business back in the driver's seat. The correct role for finance is to support job creation.

Had it not been for the groundswell of support by the people of India, we would not have seen such a huge exercise of demonetisation bounce off without a single riot or a single law and order issue.

The people in Poland had to deal with painful reforms.

FDR's New Deal and, after it, Republican President Dwight Eisenhower's similar Middle Way, used the government to regulate business, provide a basic social safety net, and promote infrastructure, like roads and bridges.

As a society, we need to refocus on creating an economy that works for everyone. I believe the business community is in the best position to lead the way.

In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.

Look at South Africa, the former Soviet Union, and the Middle East. They still have many problems, setbacks as well as breakthroughs, but basically changes have happened that were considered unthinkable a decade ago.

King Abdullah is a reformer.

The privatization law draft was recently released and I believe that very soon we will start applying it, of course taking into consideration the provisions of UNMIK (United Nations Mission in Kosovo).

Globalization - and I think we share this conviction - is that globalization needs to be shaped politically, it needs to be given a human face, but we cannot allow to fall back into plagued globalization times.

The truth is that we have got to make America work for working people again.

Take immediate and decisive steps to better the condition of the peasant. Abandon the system of war-time Communism by which we practically took from the peasant all his surplus, and sometimes what was not his surplus but part of his necessary subsistence.

Today we are ending welfare as we know it.

I have tremendous faith in President Obama's skills. He's a long-term visionary.

One of the demonetization benefits, in some markets like used cars, is that organized, transparent businesses are gaining at the cost of unorganized players.

The entire political elite has mismanaged the Indian economy for the last 50 years. You cannot solve a crisis that is borne as a symptom of mismanagement in just five minutes or in a week. It will involve significant sacrifices and pain, and I doubt that in India there is the political will to face the music.