Laura Tyson lauds Ceausescu's Romanian economy

[Rumania achieved] dazzling growth rates in the 1970s.  Investment grew more rapidly in Rumania than in the other [Eastern] Bloc countries throughout most of the postwar period, and by 1974, Rumania's investment effort, expressed as a share of material product, was the highest in the Bloc and perhaps in the world.

~ Laura Tyson

Laura Tyson blasts the "free market frenzy" of the 1980s

The free-market frenzy in the United States during the past decade demonstrates some of the pitfalls of unregulated capitalism.

~ Laura Tyson, Los Angeles Times, January 1990

George Gilder on the new boom based on the Internet economy (2008)

From the pits of the crash of 2000, when the Internet and the dot.com siege were famously dismissed as a barren "bubble," came Google and MySpace to rise up and take all the chips and establish a new Internet economy.  If creativity was not expected, governments could plan it and socialism would work.  But creativity is intrinsically surprising and the source of all real profit and growth.

Because the U.S. remains the world's largest economy and still leads the world in business and technological creativity, the current crisis is mostly confined to boondoggles in finance.  It will pass rapidly and evolve into a new boom.  Emerging is a parallel unregulated financial system based on entrepreneurial creativity and invention.

At the heart of this multitrillion-dollar engine of growth are 741 venture capital firms that traffic in creativity as a business.  These firms command $257 billion under management and have launched companies generating $2 trillion in revenues.

~ George Gilder, "The Coming Creativity Boom," Forbes, November 10, 2008

George Gilder on economic conflict

The crucial conflict in every economy... goes on.  It is not between rich and poor, Main Street and Wall Street, or even government and the private sector.  It is between the established system and the new forms of wealth rising up to displace it - all the entrenched knowledge of the past and the insurrections of futuristic enterprise and invention.

~ George Gilder, "The Coming Creativity Boom," Forbes, November 10, 2008

Japanese politician sees a bright future for the economy (1990)

No one here is worrying about the future of the Japanese economy.

~ Dietman Koji Kakizawa, rising star in the ruling Liberal Democratic Party, "Can Japan Cope? Why the world has so much riding on its resiliency," Business Week, April 23, 1990

Charles Clough questions whether U.S. stocks will be immune to selling pressure on Japanese stocks

If the (Tokyo) sell-off continues there will be some question as to whether we will be totally immune.

~ Charles Clough, strategist, Merrill Lynch, "NYSE, Tokyo Of Roughly Equal Value," Investor's Daily, March 23, 1990

Laszlo Birinyi concerned Japanese stock market losses will spill over to the U.S.

We have been able to slip Tokyo's loss under the rug, but at some point it's going to spill over.

~ Laszlo Birinyi, "NYSE, Tokyo Of Roughly Equal Value," Investor's Daily, March 23, 1990