A Quote by Michael Hudson
Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, so it's all an illusion that the system can be saved. The question is, how long are people going to be willing to live in this illusion?
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Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.
I built a company; now, I would like to shrink a government and grow an economy.
If you think the dominant orthodoxy - shrink your economy, render workers jobless, impoverish families, and still grow - is an oxymoron... then you would be right.
We think that this message - of someone that's from the private sector that built a company and now wants to shrink a government and grow an economy - is a winning message.
For liberty to expand, government must shrink. For the economy to grow, government must get out of the way.
The writer can grow as a person or he can shrink. ... His curiosity, his reaction to life must not diminish. The fatal thing is to shrink, to be interested in less, sympathetic to less, desiccating to the point where life itself loses its flavor, and one’s passion for human understanding changes to weariness and distaste.
Great talents, by the rust of long disuse,
Grow lethargic and shrink from what they were.
Wilderness is a resource which can shrink but not grow.
Independent economists say immigration reform will grow our economy and shrink our deficits by almost $1 trillion in the next two decades. And for good reason: when people come here to fulfill their dreams - to study, invent, and contribute to our culture - they make our country a more attractive place for businesses to locate and create jobs for everyone. So let's get immigration reform done this year.
The future will be less predictable, forecast rises will shrink, company lifetimes will shrink, new entrants will proliferate and it's going to just get more unpredictable.
Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.
Above and beyond the question of how to grow the economy there is a legitimate concern about how to grow the quality of our lives.
Don't shrink to meet the expectations of others, grow to become the person you want to be.
I spent my whole life in the private sector, 25 years in the private sector. I understand that when government takes more money out of the hands of people, it makes it more difficult for them to buy things. If they can't buy things, the economy doesn't grow. If the economy doesn't grow, we don't put Americans to work.
In order that one industry might grow or come into existence, a hundred other industries would have to shrink.
The future will be less predictable, forecast rises will shrink, company lifetimes will shrink, new entrants will proliferate and it’s going to just get more unpredictable. If you thought financial crises came and went, just count on them – another economic collapse, it’s almost going to be like not news any more. But for startups this is great, because it’s a perpetual driver of disruption.
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