Economic Corruption Quotes

Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks… The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government.

The worst affected from corruption is the common man.

Before the stock market crash of 1929 approximately half of all the stock sold in America was fraudulent. President Coolidge did not believe in the Federal Government interfering with business and would not interfere. His Secretary of Commerce, Herbert Hoover however was worried about the extreme corruption of the system. By the time he succeeded Coolidge as President, it was too late.

Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity.

Cultural difference cannot be an excuse for the blatant levels of corruption that bedevil many parts of Africa. Corruption is one of Africa’s key problems. African societies are riddled with it – from kleptocratic leaders at the top, salting money away in Western bank accounts, to soldiers at roadblocks demanding bribes to let you through, to clerks in government bureaucracies charging to hand out official forms. But we in the rich world do not have clean hands here. Corruption is fed by big Western companies that routinely offer bribes to African leaders.

Economics taught in most of the elite universities are practically useless in my context. My country is dominated by drug economy and a mafia. Textbook economics does not work in my context, and I have very few recommendations from anybody as to how to put together a legal economy.

Capitalism in Russia has spawned far more Al Capones than Henry Fords.

one kind of affluence: the outward sign of wealth for a small number, the mask of poverty for the majority, and a source of corruption for all.

Corruption exists because there is too much, not too little, market.

There's always been a nasty strain of class prejudice ingrained in the condemnation of football's 'undeserving rich,' as if the working class is uniquely susceptible to being corrupted by money, and as if they deserve their wealth less than those born to it.

I served in all commissioned ranks from a second Lieutenant to a Major General. And during that time, I spent most of my time being a high-class muscle man for Big Business, for Wall Street, and for the bankers. In short, I was a racketeer for capitalism.

What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.

The kind of capitalism I hate most is crony capitalism, the friends who decide. These are things which should be killed in Russia.

Government Picking Winners and Losers = Corruption. When government tries to pick winners and losers, the inevitable consequence is corruption. Yes, corruption. If not in a legal sense, certainly in a moral sense

I mean, you just go down the line, and with any of these issues, it's about rich people staying rich. And using poverty as a weapon against people. That's what we see every day. And I'm not an economist, so I can't speak to the nuances of it, but just common sense tells me the whole thing is corrupt.

Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.

Watching the economies in various parts of the world, I believe that there is scope for improvement everywhere. There is some corruption and inefficiency everywhere.

Corporate welfare, I think, is a disaster for this country. It's crippling our economy. It is contributing to a permanent underclass and corrupting the business community.

Not only in Africa but in much of the world, most leaders' pockets are lined by industrial business. And industrial business is never going to stop aiming at profit.

Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.

These are roots of all evil, hatred and greed, for money, for the construction and for the sale of weapons. This should make us all think, who is behind it all?

The givers of most of the corruption in Africa are from outside Africa.

Western civilisation needs a complete overhaul or it will fall apart one day or another. It has realised the most complete perversion of any rational order of things. Reign of matter, of gold, of machine, of number, it no longer possesses breath, or liberty, or light.

Donald Trump is having foreign leaders spend their money and our government spend their money on his properties. This is not the president of the United States helping create jobs for average Americans.

Deeper state intervention in an economy means that bureaucratic waste, inefficiency and corruption are more likely to hold back growth.