Jamie Dimon Quotes

My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know.

Inequality, he argued, is necessary to generate the savings that growth requires.

Free trade is the result of prosperity rather than the cause of prosperity .... Without growth over a long period of time you will not have a political commitment to free trade.

If the United States does well [economically], then the whole world does well.

There is a direct connection that cannot be severed between the diplomatic process and growth and prosperity.

Recent rampage is a function of the exponential growth of populations and economies. It has to do with globalization and the steady increase in computational power.

Trade is a source of strength and an engine of growth for America.

Africa Rising is as much about improving standards of governance as it is about an increasingly confident youths and civil society. It is also about businessmen and women who are stepping beyond national borders and going global.

Great economies and great nations, prosperity, and abundance of nations and communities are created by men and not spirits.

I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.

There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.

Aid should shift to investment. This will help countries stand on their own.

Productivity growth is the only possible way to achieve prosperity.

The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.

Every society clings to a myth by which it lives. Ours is the myth of economic growth...

There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.

THERE is scarcely any inquiry more curious, or, from its importance, more worthy of attention, than that which traces the causes which practically check the progress of wealth in different countries, and stop it, or make it proceed very slowly, while the power of production remains comparatively undiminished, or at least would furnish the means of a great and abundant increase of produce and population.

Budget consolidation and economic growth are two sides of the same coin.

[Globalization] has enriched the world scientifically and culturally and benefited many people economically as well.

Contrary to popular belief, we do not face a choice between economy and ecology, It is often said that protecting the environment would constrain or even undermine economic growth. In fact, the opposite is true: unless we protect resources and the earth's natural capital, we shall not be able to sustain economic growth.

We're going to make America rich again. We're going to make our country great again. And we need the rich in order to make the great.

If we are going to carry on growing, and we will, because no country is going to forfeit its right to economic growth, we have to find a way of doing it sustainably.

The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.

A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.