The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
Interpretation
High unemployment among youth in the Middle East can lead to political unrest.
This quote highlights the critical situation in the Middle East, where a large number of young people are entering the job market without sufficient employment opportunities. This frustration stemming from unemployment and hunger is likely to manifest in the political domain, potentially leading to instability and conflict as the youth demand change and better conditions.
In practice
During a seminar on economic development, one could quote this to emphasize the urgent need for job creation.
I have the responsibility of over four million people, and I am in a position to do good, to be able to bring about a new life for my people, and I will continue to move in that direction. It's a burden, but it needs to be done, and you have to have the courage and wisdom to see it through.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
During the next four years...unless drastic steps are taken by Congress, the U.S. will have nearly 8,000,000 unemployed and will stand on the brink of a deep depression.
Economy is the method by which we prepare today to afford the improvements of tomorrow.
We can fight the global economy with a strong local economy.
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