“The greatest thing to come out of this [the war in Iraq] for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in any country.”

Source: Murdoch praises Blair's 'courage' http://www.guardian.co.uk/politics/2003/feb/12/uk.iraqandthemedia

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The greatest thing to come out of this [the war in Iraq] for the world economy, if you could put it that way, would be …" by Rupert Murdoch?
Rupert Murdoch photo
Rupert Murdoch 12
Australian-American media mogul 1931

Related quotes

James Callaghan photo

“We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.”

James Callaghan (1912–2005) Prime Minister of the United Kingdom; 1976-1979

Labour Party Annual Conference Report 1976, page 188.
Speech at the Labour Party Conference, 28 September 1976. This part of his speech was written by his son-in-law, future BBC Economics correspondent Peter Jay.
Prime Minister

Justin Trudeau photo

“I’ve said many times that there isn’t a country in the world that would find billions of barrels of oil and leave it in the ground while there is a market for it.”

Justin Trudeau (1971) 23rd Prime Minister of Canada; eldest son of Pierre Trudeau

Speaking about the Trans Mountain Pipeline, as quoted by The Guardian, Canada approves controversial Kinder Morgan oil pipeline https://www.theguardian.com/world/2016/nov/29/canada-approves-kinder-morgan-oil-pipeline-justin-trudeau (30 November 2016).
2016

Jon Stewart photo
John F. Kennedy photo

“Too large a tax cut, of course, could result in inflation and insufficient future revenues--but the greatest danger is a tax cut too little or too late to be effective.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Hillary Clinton photo
Tom DeLay photo

“Nothing is more important in the face of a war than cutting taxes.”

Tom DeLay (1947) American Republican politician

From a speech made to bankers 2003 March 12 [citation needed]
2000s

James Callaghan photo
Milton Friedman photo

“I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.”

Milton Friedman (1912–2006) American economist, statistician, and writer

As quoted in Conservatives Betrayed: How George W. Bush and other big government Republicans hijacked the conservative cause (2006) by Richard A Viguerie, p. 46 <!-- similar to statement previously dated (16 September 2003) — but linked page indicates "interview" by John Hawkins dated 25 February 2012 http://www.rightwingnews.com/interviews/friedman.php : I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. … because I believe the big problem is not taxes, the big problem is spending. The question is, "How do you hold down government spending?" Government spending now amounts to close to 40% of national income not counting indirect spending through regulation and the like. If you include that, you get up to roughly half. The real danger we face is that number will creep up and up and up. The only effective way I think to hold it down, is to hold down the amount of income the government has. The way to do that is to cut taxes. -->
Context: I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. … because I believe the big problem is not taxes, the big problem is spending. I believe our government is too large and intrusive, that we do not get our money's worth for the roughly 40 percent of our income that is spent by government … How can we ever cut government down to size? I believe there is one and only one way: the way parents control spendthrift children, cutting their allowance. For government, that means cutting taxes.

Michał Kalecki photo

“In any case of the budget deficit the private sector of the economy receives more from government expenditure than it pays in taxes.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

George Herbert photo

“20. You cannot know wine by the barrell.”

George Herbert (1593–1633) Welsh-born English poet, orator and Anglican priest

Jacula Prudentum (1651)

Related topics