Economic stability

“ We have made much progress in restoring the foundation for a prosperous and productive society. By reducing the rate of growth of government spending, by strengthening the incentives to save and invest, by eliminating many unnecessary and burdensome regulations, and by encouraging monetary policies that ensure the price stability needed for lasting economic growth we have created an environment for sustained increases in productivity. ”

“ First, with a commitment to the general principle of pursuing progress while ensuring stability, we have focused on developing new and better approaches to macro regulation, kept major indicators within an appropriate range, and achieved stable, positive economic performance. ”

“ Finally he sought by means of his proposed fiscal and commercial policy to make the central government the effective promoter of a wholesome and many-sided national development. He detected the danger to political stability and self-control which would result from the continued growth of the United States as a merely agricultural and trading community, and he saw that it was necessary to cultivate manufacturing industries and technical knowledge and training, because diversified activity and a well-rounded social and economic life brings with it national balance and security. ”

“ It is clear that we must constantly watch our economy, detect its weak points, undertake the corresponding measure to strengthen them, have the courage to develop our resources that make for increasing sufficiency, conserve the fluid assets that keep the steady flow of services and tools available only from abroad, and provide a broadening base of economic security for all. ”

“ It is imperative that there be no disruption in the production process which will hamper our government’s efforts to ensure price stability and a favorable financial environment to encourage more investments, the creation of livelihood opportunities and a rise in incomes and wages. ”

“ We will turn pressure into impetus for growth, unwaveringly protect and develop advanced productive forces, shut down backward production facilities, integrate factors of production and create more room for development. We will balance our efforts to sustain economic growth, adjust the structure and improve economic performance to raise the overall quality of the national economy and strengthen the basis for its further development.
Third, we must press ahead with reform to make the economy more vigorous. ”

“ Capital offered facilities for the planting of new industries, the development of trade, and the opening up of mines and other natural advantages; so that the means lay at hand for promoting material progress of every kind. Hence new questions of economic policy came to the front. The efforts of traders were no longer confined to retaining exclusive commercial rights; but they began to consider how the various resources within a given area might be developed, so that by the interaction of different interests the greatest material prosperity might be attained in the community as a whole. ”

“ The government's stabilization program—aimed at establishing realistic exchange rates, reasonable price stability, and a resumption of growth—requires considerable public administrative abilities and continued patience by consumers during a long incubation period. ”

“ The economy, a mixture of private enterprises of all sizes and extensive government intervention, experienced enormous difficulties in the late 1980s, notably declining real growth, runaway inflation, foreign debt obligations of more than $100 billion, and uncertain economic policy. ”

“ Economic conditions require readjustment, important matters of trade must be regulated, vital questions of finance and taxation must be handled, in fact, the whole country must settle down to production, manufacture, distribution of merchandise, and the transaction of the nation’s regular business. ”

“ Dismantling protectionist barriers and providing correct incentives and support shall make our industry more efficient and world competitive — and our exports, the spearhead for economic revival and growth. ”

“ All these are forms of economic retreat, and they lead in the same direction -- toward a stagnant and second-rate economy.
Tonight I will set out a better path: an agenda for a nation that competes with confidence; an agenda that will raise standards of living and generate new jobs. Americans should not fear our economic future, because we intend to shape it. ”

“ It needed two centuries more before the conditions in which the modern State could flourish had been fully and finally established. Economic conditions had to change—a process always gradual and slow; and a national economy based on money had to replace the old local economy based on kind. ”

“ The restoration of the consuming power of the 300 millions and more made destitute by the war, the restoration of the world’s power of production in agriculture and in manufacture, the gradual lifting of the heavy burden of public debt, the reduction of taxation, the restoration to normal of the international exchanges, and the extension of international credits, are all subjects for study and recommendation by trained economists and experienced men of affairs. ”

“ During the year ahead the Government will be called upon to act in many important fields of economic policy from taxation and foreign trade to social security and housing. In every case there will be alternatives. We must choose the alternatives which will best measure up to our need for maintaining production and employment in the future. We must never lose sight of our long-term objectives: the broadening of markets--the maintenance of steadily rising demand. ”

“ We are proceeding towards political stability and economic prosperity and taking fundamental steps towards restoring security and stability. Yet Iraq is still confronted by forces of terrorism that incorporate foreign elements which carry out horrific attacks and terrorist acts in an attempt to thwart political and economic development in Iraq. ”

“ Demand for commodities stimulates and regulates the machinery of production.
Those in control of the modern economic system have no choice but to produce surplus, and once having produced it, they have no choice except to dispose of it. An inexorable fate drives them onward—augmenting their burdens as it multiplies their labors.
Investment opportunities, of necessity, are eagerly sought by the plutocracy, since the law of their system is "Invest or perish"! ”

“ The question of the play of economic forces thus generally reduces itself to a problem which may be thus stated: What are the conditions of industrial equilibrium? How must prices, rates of wages, and profit be related in order that the various classes concerned may receive such proportions of produce as are compatible with the maintenance of the existing system of organisation? If any specified change occurs, if production becomes easier or more difficult, if a tax be imposed, or a regulation of any kind affects previous conditions, what changes will be necessary to restore the equilibrium? ”

“ Making timely and resolute adjustments to macroeconomic policies and doing everything possible to maintain steady and rapid economic development We maintained the right direction, focus, intensity and pace of macro control, and adopted a series of policies and measures to promote steady and rapid economic development. In a complex and volatile situation, we actively responded to the severe impact of the global financial crisis and worked hard to make our macro control more proactive, targeted and effective. ”

“ The fundamental basis for the maintenance of national standards of living is adequate production, economical distribution, and fair apportionment among the various economic groups which constitute our society. ”

“ Towards this end, public policies should learn from the experience of more advanced countries by encouraging the establishment of investment houses quite distinct from the mutual funds. This will further strengthen the financial basis of the economy and assure sources of long-term funds for desirable productive ventures.
D. Economic Nationalism and Trade
Even as we are making provisions for expanding production, we have attended to increasing outlets for our output. ”

“ I know the President -- and particularly on the Senate side, there was a lot of talk about financial stability and understanding that we're in a unique moment whereby it's not just one problem that confronts the economy, that it's a series of very complex but also interwoven problems that are going to all have to be dealt with in order to get the economy moving again. ”

“ We will work to increase effective demand, shore up weak links, and give full play to the leading role of domestic demand, particularly consumer demand, in driving economic growth.
Second, we must adjust the structure of the economy to raise it to a higher level of development. In changing the pattern of development, we will continue to focus on economic restructuring and independent innovation. ”

“ Such new economic developments must be devised and controlled to benefit the peoples of the areas in which they are established. Guarantees to the investor must be balanced by guarantees in the interest of the people whose resources and whose labor go into these developments. ”

“ With the emergence of modern industry, and its production of large amounts of surplus commodities, important industrial groups like Britain and Germany which depended for their prosperity on their ability to find foreign markets for their surplus commodities, have been driven to a fierce struggle for these markets. ”

“ Any arrangements less definite than these would add elements of doubt and confusion to the critical period of industrial readjustment through which the country must now immediately pass, and which no true friend of the nation's essential business interests can afford to be responsible for creating or prolonging. Clearly determined conditions, clearly and simply charted, are indispensable to the economic revival and rapid industrial development which may confidently be expected if we act now and sweep all interrogation points away. ”

“ Our industries have increased their use of local raw materials for the benefit of all, and as a result of our controversial but successful program of decontrol, substantial investments have been realized with the employment of both local and foreign capital so as to help establish the solid economic base for further growth. ”

“ To ensure success of the government's work this year, we must act on the following principles.
First, we must boost domestic demand to sustain economic growth. We need to steadfastly take reversing the downward trend in economic growth as the primary goal of macro control, and make boosting domestic demand a long-term strategic principle and a basic point of departure for stimulating economic growth. ”

“ The ultimate objective of our economic policy is a balanced agro-industrial economy. This is why we are shifting slowly to the 11 principal industries which are needed for the fulfillment of this objectives. ”

“ Under the rule of an unrestricted commercial intercourse throughout the world, the principle of supply and demand would control the movements of commerce without the aid of legislation; and, when once fully established, it would give stability and security to production everywhere. The products of the world entering into commerce would localize themselves where they naturally belong—where most could be produced with the least labor; and, population obeying the laws of equalization, would adjust itself to the demands of the respective interests of productive labor. ”

“ From a point of view taken also by conservative writers I demanded as a characteristic of world power, in addition to the size of territories and the number of population, above all, the economic independence that makes it possible for a State, in a case of need, to produce, without export or import, all foodstuffs, necessities, raw materials, and all the finished or half-finished products it needs for its consumers in normal times, as well as to insure the sale of its surplus. ”

“ It will be seen from this review that in important and decisive ways, we have moderated the impact of global recession on the national economy, and that the fun­damental strength of the economy had been proven solid and sound. By almost every indicator of economic health, performance and capability, I say, we have a sound economy.
The fundamentals are there for continued resiliency in the midst of economic adversity, and for accelerated development in the event of a more hospitable global economic environment. ”

“ Government aid can only supplement the role of private investment, trade expansion, commodity stabilization, and, above all, internal self-improvement. The processes of growth are gradual--bearing fruit in a decade, not a day. ”

“ To prohibit either is to paralyze industry, to stand still as a producing power, and to stand still is only the temporary pause before retrogression begins. Commercial prosperity is simply this expansion of industry and trade consequent upon the development of new resources. ”

“ We must emphasize that in 1963, the improvement of the rate of economic growth shall be the main objective of our vigorous and sustained efforts. In the final analysis, it will be the resulting and solid economic foundation that will bring about the lasting benefits to our people. ”

“ The stability of trade, the money value of every description of vested interests, in fact, the industrial, commercial, and financial welfare of the country, all are directly involved in the rapid manipulation of such vast sums. ”

“ During the war, production for civilian use was limited by war needs and available manpower. Economic stabilization required measures, to spread limited supplies equitably by rationing, price controls, increased taxes, savings bond campaigns, and credit controls. Now, with the surrender of our enemies, economic stabilization requires that policies be directed toward promoting an increase in supplies at low unit prices.
We must encourage the development of resources and enterprises in all parts of the country, particularly in underdeveloped areas. ”