I pity the man who wants a coat so cheap that the man or woman who produces the cloth will starve in the process.
Benjamin HarrisonRead
There never has been a time in our history when work was so abundant or when wages were as high, whether measured by the currency in which they are paid or by their power to supply the necessaries and comforts of life.
Interpretation
This quote emphasizes the abundance of work opportunities and high wages in history.
Benjamin Harrison highlights a unique period in history characterized by widespread employment and elevated wage levels. This statement not only reflects optimism about economic conditions but also suggests that people had greater access to the essentials and comforts of life due to favorable labor market conditions.
In practice
This quote can be used in a speech about economic growth during the annual employment summit.
I pity the man who wants a coat so cheap that the man or woman who produces the cloth will starve in the process.
Great lives never go out; they go on.
I knew that my staying up would not change the election result if I were defeated, while if elected I had a hard day ahead of me. So I thought a night's rest was best in any event.
Never in the history of human credit has so much been owed.
I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.
The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.
The proper goal of an economic democracy agenda is to replace the global suicide economy ruled by rapacious and unaccountable global corporations with a planetary system of local living economies comprised of human-scale enterprise rooted in the communities they serve and locally owned by the people whose wellbeing depends on them.
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