![I am talking about the accumulated evidence of the last 5 years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the Federal Government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures. [...] While rising demand will expand imports, new investment in more efficient productive facilities will aid exports and a new economic climate could both draw capital from abroad and keep capital here at home. (John F. Kennedy)](https://cdn.quotesdtb.com/img/quotes_images_webp/05/john-f-kennedy-abroad-474005.webp)
I am talking about the accumulated evidence of the last 5 years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the Federal Government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures. [...] While rising demand will expand imports, new investment in more efficient productive facilities will aid exports and a new economic climate could both draw capital from abroad and keep capital here at home.
John F. KennedyRelated topics
abroad business climate drag draw effort facilities federal good heavy home increase large last lift peace power present public purchasing rising rush share short talking tax war while years risk-takingRelated quotes
If Christ were to walk in this world today, do you know what would happen to Him? He would be placed in a mental institution and given psycho-therapy, just as would His Saints. The world would crucify Him today just as it did 2000 years ago, for the world has not learned a thing, except more devious forms of hypocrisy. And what would happen if, in one of my classes at the university, I would one day tell my students that all the learning of this world is of no importance beside the duty of worshipping God, accepting the God-man who died for our sins, and preparing for the life of the world to come? They would probably laugh at me, and the university officials, if they found out, would fire me-for it is against the law to preach the Truth in our universities. We say that we live in a Christian society, but we do not: we live in a society.
Seraphim Rose
Guaranteeing equal pay won't just increase paychecks for women – it will boost family budgets and get incomes rising across the board. And I don't understand why Trump's against that. Paid family leave won't only make life easier for Moms and Dads – it will also keep skilled, talented Americans in the workforce and grow our economy. That's why every other advanced country already has it. Again, he's against it. Raising the federal minimum wage won't just put more money in the pockets of low-income families – it also means they will spend more at the businesses in their neighborhoods. Trump's against that as well. ... And protecting and expanding Social Security doesn't just help older Americans retire with dignity – it helps to ease burdens on families and communities. And I also believe the same thing about comprehensive immigration reform.
Hillary Clinton
If my history lesson has done nothing else, it should have reminded you that, during any given period in the evolving history of physics, the prevailing, main line, climate of opinion was likely as not to be wrong, as seen in the light of later developments. And yet, in those earlier times, with relatively few individuals involved, change did occur, but slowly... What is fundamentally different in the present day situation in high energy physics is that large numbers of workers are involved, with corresponding pressures to conformity and resistance to any deflection in direction of the main stream, and that the time scale of one scientific generation is much too long for the rapid pace of experimental discovery. I also have a secret fear that new generations may not necessarily have the opportunity to become familiar with dissident ideas.
Julian Schwinger
The 2008 financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, "adjustments” must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect the markers with reality. What are our real assets and how valuable are they? To do this requires both a new vision of what the economy is and what it is for, proper and comprehensive accounting of real assets, and new institutions that use the market in its proper role of servant rather than master.
Robert Costanza
In fact, the only person to rival Friedman for policy influence in the twentieth century is John Maynard Keynes, who had a strikingly different view of the role of government. Keynes was influential because he advocated more government intervention into what he perceived as poorly functioning private economies caught up in the Great Depression. In contrast to Keynes, Friedman put the main blame for the Depression on government failures, especially of monetary policy. Hence, the Depression did not make Friedman a fan of big government. He also found in the Federal Reserve's failure to prevent deflation an argument in favor of monetary rules. As the world evolved- with low inflation becoming the major mission of central banks and free markets and secure property rights becoming the main policies to promote economic growth-Friedman surely won the intellectual battle.
Robert Barro