David Wessel Quotes

Nations finding the Export of Money or Bullion to pay the ballance due by Trade, a loss of so much Riches, and very hurtful to Trade, might have discharg'd the Import of such Goods as the People could best want; Or laid a Duty on them, such as might have lessen'd their Consumption: They might have given encouragement to Industry, whereby the Product would have been encreas'd and improv'd, or discourag'd extravagant Consumption, whereby the Overplus to Export would have been greater; Any one of these Methods would have brought Trade and Exchange equal

I think the modernization of Chinese economy and Chinese society is a prime concern.

But let's not assume that trade is the only challenge we have in the economy. I think it is a part of it, and I've said what I'm going to do.

The Chinese economy's still not that much of a consumer economy.

We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.

Since China embraced Deng Xiaoping's reforms on 22 December 1978, China has experimented with different exchange-rate regimes. Until 1994, the yuan was in an ever-depreciating phase against the U.S. dollar.

By definition, by reducing our trade deficit we will be hurting consumers. Consumers are always better off with a trade deficit.

Let’s export American products, not American jobs.

Our international trade relations, though vastly important, are in point of time and necessity, secondary to the establishment of a sound national economy. I favor as a practical policy the putting of first things first.

China's government is so strong on investment, so strong on exporting, but they're too weak on domestic consumption.

That's the kind of thinking that our country needs. When we have a country that's doing so badly, that's being ripped off by every single country in the world, it's the kind of thinking that our country needs, because everybody, we have a trade deficit with all of the countries that we do business with, of almost $800 billion a year.

America needs a president who can fix the economy because he understands the economy, and I do and I will.

Chinese mercantilism is not free trade, but it is far better than American militarism.

I think that one thing that people are missing is that we are never going to be able to fix this country's [American] economy in the long run until we fix our public education system.

Why am I interested in deficits? The only way you balance the budget in this country long-term is through sustained economic growth. And that's what everything we are doing in this administration is aimed at that end goal.

People have put a lot of faith in the government's ability to get growth going in China. People have this, what I think, illusion that there are six people in China who really have their hand on every button. And what we're learning is, it's a very big economy and they're not that good at it.

When they talk about raising your taxes, I think raise the taxes on some of these countries that are taking advantage of the United States.

In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

I don't like the term "universal bank." The Chinese government legitimately wants to have a very strong economy. When they talk about SOE reform, they know that's part of it.

I think you can grow your economy and at the same time do a better job of harnessing greenhouse gases. I don't think you can expect any American leader to wreck the economy, nor as an ally and a friend of America and a trading partner of America should you want us to wreck our economy.

The country wants the president and the Congress focused on jobs and the economy. Any regulation that the president promulgates that isn't focused on, I think, is a risk for him, and the same is true for Congress.

This kind of inequality - a level that we haven’t seen since the Great Depression - hurts us all. When middle-class families can no longer afford to buy the goods and services that businesses are selling...it drags down the entire economy from top to bottom. America was built on the idea of broad-based prosperity... That’s why a CEO like Henry Ford made it his mission to pay his workers enough so that they could buy the cars he made. It’s also why a recent study showed that countries with less inequality tend to have stronger and steadier economic growth over the long run.

We built this country by making things, by producing goods we could sell.

I think, to a certain extent the economy and these decisions I made to protect the country matter a lot.

Donald Trump is not supposed to save jobs one by one. He's supposed to build a sound macro economy in which private enterprises create jobs.