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Quote by William Hague

“Gordon Brown promised to abolish boom and bust. He has kept half his promise.”

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William Hague is a prominent British politician, born on March 26, 1961. He served as the Foreign Secretary of the United Kingdom and is a key figure in the Conservative Party. more

“That's our mirror. Every dip, every crash, every bubble that's burst, a testament to our brilliant stupidity. This one gave us the railroads. This one the Internet. This one the slave trade. And if we hope to do anything about saving the environment, or getting to other worlds, we'll need a bubble for that too. Everything I've ever done in my life worth anything has been done in a bubble: in a state of extreme hope and trust and stupidity.”

Ifs World Needs Has Beens States Done Environment Internet Mirrors Trade Slave Extremes Stupidity Brilliant Saving Bubbles Crash Testament Other Worlds Railroads Dip Slave Trade

Author:Lucy Prebble

“There's a strange thing goes on inside a bubble. It's hard to describe. People who are in it can't see outside of it, don't believe there is an outside.”

People Believe Hard Strange Goes On Don't Believe Bubbles Strange Things

Book:Enron

Source: Enron

“When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.”

Virtue Economic Policy Economics Vices Folly Usual Caution Prudence Economic Policy

Author:Paul Krugman

“We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.”

Self States Government Interest Century Protect Institutions Credit Midst Shocked Equity Self Interest Disbelief Unprecedented Lending Shareholders Central Banks Tsunami

Author:Alan Greenspan

“Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.”

Ifs Needs Real Economy Serious Succeed Majors Program Train Rate Financial Credit Spending Consumers Immense Rescue Momentum Stimulus Recessions

Author:Paul Krugman

Quote by William Hague

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