Robert E. Howard (1906–1936) American author
From a letter to H. P. Lovecraft (c. August 1930)
Letters
“This state of affairs is not an inevitable consequence of a decreased capacity to produce wealth. I see no reason why, with good management, real wages need be reduced on the average. It is the consequence of a misguided monetary policy.”
Essays in Persuasion (1931), The Economic Consequences of Mr. Churchill (1925)
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John Maynard Keynes122
British economist 1883–1946Related quotes
Benjamin Graham (1894–1976) American investor
Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 44
Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate
1960s–1970s, A Conversation with Professor Friedrich A. Hayek (1979)
Sandra Fluke (1981) American women's rights activist and lawyer
U.S. Congressional testimony (February 23, 2012)
“…. solitude is, more or less, an inevitable consequence.”
Haruki Murakami book What I Talk About When I Talk About Running
What I Talk About When I Talk About Running
Ernest Mandel (1923–1995) Belgian economist and Marxist philosopher
New Times, 21 March 1990. Quote from Harpal Brar's Trotskyism or Leninism?, pp. 56.
Rudiger Dornbusch (1942–2002) German economist
Source: Open economy macroeconomics, 1980, p. 71
“There are practical consequences to rising inequality and reduced mobility.”
Barack Obama (1961) 44th President of the United States of America
2013, Remarks on Economic Mobility (December 2013)
Context: So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.
