To put it simply and a bit crudely: Our economy is demanding more well-educated workers than our schools are providing. To attract this scarce resource, communities have to offer more than just jobs.
Adam DavidsonRead
A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.
Interpretation
A healthy economy requires a balance between current spending and saving for the future.
This quote by Adam Davidson emphasizes that a thriving economy depends on finding an equilibrium between immediate consumption and the savings or investments for future consumption. When this balance is disrupted, it can lead to economic instability, suggesting that both personal and collective financial habits need to be carefully managed for sustainable economic health.
In practice
This quote can be used during a lecture on economic principles.
To put it simply and a bit crudely: Our economy is demanding more well-educated workers than our schools are providing. To attract this scarce resource, communities have to offer more than just jobs.
There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
The merchants will manage [commerce] the better, the more they are left free to manage for themselves.
Contrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States belongs to Japanese and German investors. The fear of getting into such a predicament is so strong today that fantasy often outstrips reality. The reality is that inequality with respect to capital is a far greater domestic issue than it is an international one.
The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.
Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?
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