Economic Flexibility Quotes

The gig economy is empowerment. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit.

Indeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist.

People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.

Why is our free-enterprise system so strong?- Not because it stands still, frozen in the past, but because it has always adapted to changing realities

The Chinese economy has huge potential and flexibility.

We're always flexible and pragmatic... It's always important to watch the unemployment rate and to make sure that we can keep most Canadians working. We were successful in that back in 2008-09.

The problem with one single minimum wage is that you don't allow for younger people, who are less skilled and maybe more easily pushed out of the job market, or that the minimum wage should vary for different regions.

Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.

Germany cannot get out of the euro. What it has to do, therefore, is make the economy more flexible - to eliminate the restrictions on prices, on wages and on employment; in short, the regulations that keep 10 percent of the German workforce unemployed.

You can promise anything in this world because it isn't a real world. We don't have to balance the budget.

Fear is the wrong response to technological unemployment. Focusing on economic flexibility and adaptability - with special attention to eliminating the barriers we've accidentally created to the mobility of the working classes - is the right response to technological disruption.

When surroundings change, we should also change how we make money.

In economics it is a far, far wiser thing to be right than to be consistent

The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.

We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

What we need is much more flexibility for the labour markets.

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

I don't have a firm line on balanced budgets.

No government in any country can run on static definitions of economic thinking.

America has been around less than 250 years, and in less than 250 years we have created what is the greatest country on earth. There are reasons for it. And any other country on earth could do the same thing. They could structure it the same way, and if they don't have natural resources they could economically structure a way to barter, share, buy, trade, you name it. They could do the same thing.

The Nordic governments have adopted a market-friendly approach to regulation. Although they maintain regulations to protect workers, consumers and the environment, they balance those protections with a system that encourages entrepreneurship and flexibility by making it easy to start or close a business, to hire or fire employees, and to adjust work hours.

I think in our global economy, uncertainty is ever increasing. So to accommodate to that, we need to build a dynamic economy and dynamic rules that can adapt to changing circumstances.

Our health-care issues is another big structural drag. All of these need to be dealt with if we're going to keep the American economy the most dynamic and flexible in the world.

Think of an economy where people could be an artist or a photographer or, eh, a writer without worrying about keeping their day job in order to have health insurance, or that people could start a business and be entrepreneurial and take risk but not be job-locked because a child has asthma or someone in the family is bipolar. You name it. Any condition is job-blocking.