“Letting bygones be bygones is a basic principle in economics.”

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

American inequality didn’t just happen. It was created.

GDP tells you nothing about sustainability.

When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.

Amherst is a liberal arts college, committed to providing students with a broad education.

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

Climate change is a reality.

We won’t have an economic recovery until Covid-19 is under control.

It’s easy to get rich by getting a state asset at a deep discount.

I grew up in a family in which political issues were often discussed, and debated intensely.

Inequality is a choice. It is not inevitable.

Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.

If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.

Ask not what your country can do for you, ask what you can do for your country.

The U.S. basically wrote the rules and created the institutions of globalisation.

Development is about transforming the lives of people, not just transforming economies.

An economy that we need that works for everyone. Where everyone works, everyone counts and everyone contributes.

Today, we jump into this globalization of the economy and the internet age.

I think this is a moment of a lot of possibilities, and openings. Occupy and the 99% movement are really going to break through, and we are going to create a new economy.

They are simply not capable of promoting the indigenous economy. Many billions of dollars flooded into Afghanistan, but without any significant effect.

To handle the economy and services in a country like Iraq requires delegation of authority and the choice of competent people.

What is doing the damage is the fact that the U.K. is pulling in more imports, which shows the continued strength of the economy and the strength of sterling.

Russia is a competitor. They’re a strong nation, something we need to recognize, but their economy is just a little bit bigger than Illinois, so they’re not our equal.

Eric Schlosser’s book on the economy and strategies of the fast-food business should be read by anyone who likes to take their children to fast-food restaurants.