If this Government cannot get the adjustment, get manufacturing going again, and keep moderate wage outcomes and a sensible economic policy, then Australia is basically done for. We will end up being a third rate economy... a banana republic.
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Speaking to John Laws on Radio 2UE, May 14, 1986.Paul Keating
There was a plea from honourable Members relating to the need for formal Gross National Product figures. Such figures are very inexact even in the most sophisticated countries I think they do not have a great deal of meaning, even as a basis of comparison between economies. That other countries make use of them is not, I think, necessarily a good reason to suppose that we need them. But, although I am not entirely clear what practical purpose they would serve in Hong Kong, I am sure they would be of interest. I suspect myself, however, that the need arises in other countries because high taxation and more or less detailed Government intervention in the economy have made it essential to be able to judge (or to hope to be able to judge) the effect of policies, and of changes in policies, on the economy. One of the honourable Members who spoke on this subject, said outright, as a confirmed planner, that he thought that they were desirable for the planning of our future economic policy. But we are in the happy position, happier at least for the Financial Secretary where the leverage exercised by Government on the economy is so small that it is not necessary, nor even of any particular value, to have these figures available for the formulation of policy. We might indeed be right to be apprehensive lest the availability of such figures might lead, by a reversal of cause and effect, to policies designed to have a direct effect on the economy. I would myself deplore this.
John James Cowperthwaite
[The Liberal party is a] moderate Democrat, a type of Clinton-pragmatic Democrat. It's moved in the last few years very much to the right on fiscal and economic concerns, but still believes in government intrusion in the economy where possible, and does, in its majority, believe in fairly liberal social values.
Stephen Harper
The United States of America will become the United States of Banana. And Puerto Rico will be the first half-and-half banana republic state incorporated that will secede from the union. Then will come Liberty Island, then Mississippi Burning, Texas BBQ, Kentucky Fried Chicken—all of them—New York Yankees, Jersey Devils—you name it—will want to break apart—and demand a separation—a divorce. Things will not go well for the banana republic when the shackles and chains of democracy break loose and unleash the dogs of war. Separation—divorce—disintegration of subject matters that don’t matter anymore—only verbs—actions. Americans will walk like chickens with their heads cut off.
Giannina Braschi
I would say to the House, as I said to those who have joined this Government: 'I have nothing to offer but blood, toil, tears, and sweat.' We have before us an ordeal of the most grievous kind. We have before us many, many long months of struggle and of suffering. You ask, what is our policy? I will say: It is to wage war, by sea, land and air, with all our might and with all the strength that God can give us: to wage war against a monstrous tyranny, never surpassed in the dark, lamentable catalogue of human crime. That is our policy. You ask, what is our aim? I can answer in one word: It is victory, victory at all costs, victory in spite of all terror, victory, however long and hard the road may be; for without victory, there is no survival.
Winston Churchill
Hitler also anticipated modern economic policy . . . by recognizing that a rapid approach to full employment was only possible if it was combined with wage and price controls. That a nation oppressed by economic fear would respond to Hitler as Americans did to F.D.R. is not surprising.
John Kenneth Galbraith
Keating, Paul
Keaton, Buster
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