Best crisis & credit Quotes | Short & Famous Sayings

“To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.”

Want Mean Ends Suffering Evil Economics Crisis Productions Credit Cures Deception Combat Expansion Severe Banking Procedures Very Mean Misdirection

Author:Friedrich August von Hayek

“Debt, weve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.”

Light Fire Too Much Politician Picks Crisis Credit Debt Consumers Agency Ingredients Villain Bankers Rating Your Favorite Regulators Overzealous

Author:Andrew Ross Sorkin

“There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to chart a direction for the economic steps ahead. This will be a dangerous moment. Behind the debates over future policy is a debate over history-a debate over the causes of our current situation. The battle for the past will determine the battle for the present. So it's crucial to get the history straight.”

Moments Past Causes Behinds Situation Steps Economic Dangerous Policy Battle Tasks Crisis Threat Investing Determine Currents Credit Debate Crucial Urgent Current Situation

Author:Joseph Stiglitz

“Given all the money printing that is going on globally - and not just in the US - and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance.”

Thinking Given Economy Higher Percent Gold Crisis Credit Printing

Author:Marc Faber

“This is the crisis! Difficulty getting credit, slow growth, high unemployment, low consumer confidence-these are challenges entrepreneurs can overcome with hard work, smart risk and tenacious teamwork. This is precisely what entrepreneurs do!”

Hard Growth Challenges Risk Hard Work Smart Lows Overcoming Difficulty Crisis Entrepreneur Credit Consumers Teamwork Unemployment Tenacious Slow Growth Work Smart Consumer Confidence

Author:Oliver DeMille

“By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.”

Mean Hands Social Taken Special Limits Function Crisis Productions Credit Driving Capitalist Vehicle Banking Distribution Banking System

Book:Karl Marx, Frederick Engels: Karl Marx: Capital, Vol. 3

Source: Karl Marx, Frederick Engels: Karl Marx: Capital, Vol. 3

“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.”

Quality Economy Five Percent Crisis Rate Credit Debt Favors Cards Saving Zero Terrified Economist Savings Irresponsible Mortgage Credit Card Craftsmanship Mortgage Crisis

Author:Denis Hayes

“One of the issues with some of these lenders is going to be, where will their provider of credit be when there's a crisis? That's why some of these smarter services, to support their operations, are courting more permanent capital. They want a source of longer-term funding that can survive a crisis.”

Want Term Support Issues Source Crisis Credit Permanent Operations Smarter Funding Providers Lenders

Author:Jamie Dimon

“It's a tale of redemption. It's a tale of a girl who is going on a journey, who makes mistakes as most young people do... the credit card companies love sending you credit cards so you exceed your limit and they can charge you interest. And this is a girl who overcomes her problems and figures a way out of her financial crisis, and hopefully the world will do the same thing.”

“I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis.”

Ifs Mean Might Realizing Class Gold Crisis Bills Financial Credit Treasure Assets Categories Bugs Default Financial Crisis Derivatives Volatility Credit Default Swap

Author:Robert F. Engle

“It's the deleveraging that's going on right now that has caused the credit crisis.”

Right Now Crisis Credit

Author:Warren Buffett

“The campaign was a more significant training ground than I think people give it credit for. By the time I got here, I think I had a pretty good sense of what was required. But the circumstances in which I came in were different than most executives, right? The enterprise was in the midst of a major crisis.”

People Thinking Giving Different Circumstances Majors Training Crisis Credit Campaigns Significant Enterprise Midst Executives Good Sense

Author:Barack Obama

“The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key role in supervising banks and historically has seemed to take it easy on the banks when it shouldn't have, such as in the lead up to the financial crisis.”

Play Bigs Easy Interest Roles Economy Keys Cost Crisis Impact Rate Financial Credit Feds Interest Rate Financial Crisis Take It Easy Big Impact

Author:Gerald Epstein

“It's just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.”

Hard Today Understanding Class Teach Happened Students Crisis Financial Credit Banking Financial Crisis Banking System

Author:Alan M. Taylor

“We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced in dollars. Central banks in other countries hold great quantities of dollars. The dollar was the safe harbor, the port in the storm during the credit crisis.”

World Important Country Lasts Safe Crisis Dollars Credit Storm Quantity Currency Other Countries Commodity Privileged Resorts Harbors Port Central Banks Safe Harbor

Author:Kabir Sehgal

“Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.”

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Should Mean Results Liberty Economic Involved Economics Crisis Finals Credit Alternatives Collapse Currency Expansion Avoiding Catastrophe Abandonment

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.”

“Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.”

Way Ends Economic Policy Theory Crisis Prosperity Credit Monetary Illusory Economic Crisis Economic Theory Slumps

Book:Economic freedom and interventionism: an anthology of articles and essays

Source: Economic freedom and interventionism: an anthology of articles and essays

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