And once you get instantaneous communication with everybody, you have economic activity that's far more advanced, far more liquid, far more distributed than ever before.
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.
I like computers. I like the Internet. It's a tool that can be used. But don't be misled into thinking that these technologies are anything other than aspects of a degenerate economic system.
We learned that economic growth and environmental protection can and should go hand in hand.
Green-tech could be the largest economic opportunity of the 21st Century.
Good environmental policy is good economic policy.
Environmental agencies in China are hamstrung by local officials who put economic growth ahead of environmental protection: even the courts are beholden to local officials, and they are not open to environmental litigation.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
Energy cogeneration on Capitol Hill makes economic and environmental sense and should be pursued for those reasons.
The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency.
It's a European Union of economic failure, of mass unemployment and of low growth.
The carrying out of the Potsdam Agreement has, however, been obstructed by the failure of the Allied Control Council to take the necessary steps to enable the German economy to function as an economic unit.
In terms of economic growth, PIMCO originated the famous phrase the 'new normal.'
To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.
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