A Quote by Paul Volcker

The standard of living of the average American has to decline.

Paul Volcker

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American Average Decline Living Standard

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Paul Volcker
American - Economist
Born: September 5, 1927

According to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American's output-which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American's living standard would at least double.

Paul Craig Roberts

The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.

Howard Warren Buffett

If the 1,990-page House Health Care Bill becomes law, the average American will receive worse health care, American physicians will decline in status and income, American medical innovation will dramatically slow down and pharmaceutical discoveries will decline in number and quality. And, of course, the economy of the United States will deteriorate, perhaps permanently.

Dennis Prager

Capitalism has improved the standard of living of the wage earners to an unprecedented extent. The average American family enjoys today amenities of which, only a hundred years ago, not even the richest nabobs dreamed.

Ludwig von Mises

This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.

Warren Buffett

If everybody on the planet today had the same standard of living as the average European or American, we would need three new planets. But we don't even have one new planet. We have this one, and with the way we're polluting it, the shrinking water resources, the climate change, the experimentation with plants... the outlook is grim.

Jane Goodall

The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year, one third of the time. But most people don't choose to do that. They are willing to work hard to harvest the technological bounty that is available to them. Material abundance has never eliminated perceived scarcity.

David Autor

The stream will not permanently rise higher than the main source; and the main source of national power and national greatness is found in the average citizenship of the nation. Therefore it behooves us to do our best to see that the standard of the average citizen is kept high; and the average cannot be kept high unless the standard of the leaders is very much higher.

Theodore Roosevelt

I'm an average American. As I joke, I'm the average Mexican American Jewish Italian mayor of the most diverse city in the world.

Eric Garcetti

Living in the midst of abundance we have the greatest difficulty in seeing that the supply of natural wealth is limited and that the constant increase of population is destined to reduce the American standard of living unless we deal more sanely with our resources.

Wallace Carothers

The characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many.

Ludwig von Mises

The average American may not know who his grandfather was. But the American was, however, one degree better off than the average Frenchman who, as a rule, was in considerable doubt as to who his father was.

Mark Twain

Take a look at all the third-world countries that are increasing the so called standard of living. One aspect of this rise in standard of living is the increased consumption of animal products, which directly correlates with the rise in heart disease.

William McNamara

You know, I think of the global economy as an inverted triangle, resting on the shoulders of the American consumer. And if the American consumer cannot have enough disposable income in order to maintain a standard of living that creates more opportunities generation after generation, that's bad for everybody.

Hillary Clinton

America must be the teacher of democracy, not the advertiser of the consumer society. It is unrealistic for the rest of the world to reach the American living standard.

Mikhail Gorbachev

The Mars Polar Lander cost the average American the price of half a cheeseburger. A human lander would cost the average American more - perhaps even ten cheeseburgers! So be it. That is no great sacrifice.

Jonah Goldberg

A Quote by Paul Volcker

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