Economic Realities Quotes

Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry.

We shall take whatever action is necessary to contain the growth of the money supply. The government, unlike so many of its predecessors, will face up to economic realities.

We can’t go on pretending to Americans that we can have everything.

I'm not stupid, and the people around me aren't stupid. You can't ignore the economic realities of the ways that business is run and the way clients think.

The profession of economists seemed permanently conservative in its mode of thinking—always the last to know when old verities were crumbling and new ones emerging. As a group, they defended the status quo, whatever it was, until real events destroyed it.

It is true that, in theory, we can avoid the worst consequences of climate change with an intensive global effort over the next several decades. But given real-world economic and, in particular, political realities, that seems unlikely.

One of our most difficult realizations was that - in the course of two years - a connecting hub in St. Louis had gone from something we thought we needed to something we could no longer afford.

There are two economic realities in America in 2016. There's been a record six straight years of job growth, and new census numbers show incomes have increased at a record rate after years of stagnation. However, income inequality remains significant, and nearly half of Americans are living paycheck to paycheck.

America has to ask itself not what it wants, but what it can afford.

Political, social and economic realities are shaped by a historical process.

Yes, NFL players deserve to be paid well. Unfortunately, economic realities are forcing everyone to make tough choices and the NFL is no different. These are not easy negotiations, but the outcome can be positive. If both sides give a little, everyone, including fans, will get a lot and the game will improve through innovation. Even in difficult economic times, a new CBA presents us with the opportunity to secure the future of our game.

Don't kid yourself. President Obama's decision to withdraw 33,000 troops from Afghanistan before he stands for reelection is not driven by the United States' 'position of strength' in the war zone as much as it is by grim economic and political realities at home.

Britain is no longer one of the world's price setters. It is painful. It is a challenge to us in government to explain all that, and it is a pity that the political class is not preparing the public for it to understand how massive the problem is.

The time has come to stop telling the American people only what they want them to hear, and start talking frankly about the sacrifices we must all make.

Maryland is never going to be the low-cost place to live and work, and we shouldn't try to be because we have a lot of other stuff we bring to the table. And you get what you pay for.

It has made mincemeat of Barack Obama's pose of thoughtfulness. It has demonstrated that he lacks even a rudimentary understanding of the most basic economic realities. It has dramatized environmentalism's descent into infantilism.

It sounds so incredibly selfish, but you just can't earn the same money doing theater as you can doing television and film. I know that's awful, but you get a mortgage and a family, and suddenly, paying that seems quite important.

There are two economic realities in America today. There's been a record six straight years of job growth, and new census numbers show incomes have increased at a record rate after years of stagnation. However, income inequality remains significant, and nearly half of Americans are living paycheck to paycheck.

The greatest realities are physical and economic, all the subtleties of life come afterward.