#economic

The President also talked at length about how well the American economy is doing. Apparently, he got his information on this topic from his millionaire supporters. For the average working family, these are trying economic times. ↗

— Jose Serrano

#also #american #american economy #apparently #average

It's really hard to be roomates with people if your suitcases are much better than theirs--if yours are the really good ones and theirs aren't. You think if they're intelligent and all, the other person, and have a good sense of humor, that they don't give a damn whose suitcases are better, but they do. They really do. ↗

— J.D. Salinger

#intelligence

Seeing no better jobs on the horizon than flipping hamburgers with so much grease it would make Portugal, Italy, and Spain jealous, I decided to go back to school. It reminds me of something Zelda’s mom told her in November 2007: “Some people flip condos and make millions. Your boyfriend couldn’t even flip burgers and make minimum wage. ↗

— Jarod Kintz

#condos #depression #economic-depression #economy #horizon

I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition. ↗

— Joseph E. Stiglitz

#imf #politics #life

(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often. ↗

— Alfred Marshall

#life

Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are to recover and surpass our former standards...and only if every one of us is ready to individually obey the necessities of readjustment shall we be able to get through a difficult period as free men who can choose their own way of life. Let a uniform minimum be secured to everybody by all means; but let us admit at the same time that with this assurance of a basic minimum all claims for a privileged security for particular classes must lapse.... ↗

— Friedrich A. von Hayek

#life

Life is like a curve, horizontally or vertically, we are at origin point ↗

— Estiana Cahyawati

#life #life

Every time you spend money, you're casting a vote for the kind of world you want. ↗

— Anna Lappe

#philosophy #money

The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist. ↗

— John Maynard Keynes

#ideas #men

Facing a deteriorating economy and a weakening hold over the populace, the Iraqi state under Saddam Hussein opted to revitalize tribal leaders and conservative practices as a means of stabilizing state power; those conservative practices were not an inherent feature of a predominantly Muslim country. ↗

— Nadje Al-Ali

#foreign-policy #government #iraq #iraqi-state #islam