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Economic Depression Quotes

Browse 16 quotes about Economic Depression.

Economic Depression Quotes

“Poverty in western Mexico is an Unconditional Sentence.”

Poverty Economics Mexico Central America Economic Depression

Book:The Goblins of Eros

Source: The Goblins of Eros

“Whenever a state or an individual cited 'insufficient funds' as an excuse for neglecting this important thing or that, it was indicative of the extent to which reality had been distorted by the abstract lens of wealth. During periods of so-called economic depression, for example, societies suffered for want of all manner of essential goods, yet investigation almost invariably disclosed that there were plenty of goods available. Plenty of coal in the ground, corn in the fields, wool on the sheep. What was missing was not materials but an abstract unit of measurement called 'money.' It was akin to a starving woman with a sweet tooth lamenting that she couldn't bake a cake because she didn't have any ounces. She had butter, flour, eggs, milk, and sugar, she just didn't have any ounces, any pinches, any pints. The loony legacy of money was that the arithmetic by which things were measured had become more valuable than the things themselves.”

Wealth Money Baking Recessions Economic Depression

Book:Skinny Legs and All

Source: Skinny Legs and All

“If people feel lost and alone and helpless and broken and hopeless today, what will it be like if the world really begins to come apart at the hinges?”

Source: And Then the End Will Come!: But Five Things You Need to Know in the Meantime

“When people believe that the local government and economy serve their needs. There is little desire to protest.”

Economics Philosophy Riots Political Rights Protests Economic Collapse Demonstrations Economic Depression

Author:Oscar Auliq-Ice

“Ohio hadn’t gone through the same real estate boom as the Sun Belt, but the vultures had circled the carcasses of dying industrial towns––Dayton, Toledo, Mansfield, Youngstown, Akron––peddling home equity loans and refinancing. All the garbage that blew up in people’s faces the same way subprime mortgages had. A fleet of nouveau riche snake oil salesmen scoured the state, moving from minority hoods where widowed, churchgoing black ladies on fixed incomes made for easy marks to the white working-class enclaves and then the first-ring suburbs. The foreclosures began to crop up and then turn into fields of fast-moving weeds, reducing whole neighborhoods to abandoned husks or drug pens. Ameriquest, Countrywide, CitiFinancial––all those devious motherfuckers watching the state’s job losses, plant closings, its struggles, its heartache, and figuring out a way to make a buck on people’s desperation. Every city or town in the state had big gangrenous swaths that looked like New Canaan, the same cancer-patient-looking strip mall geography with brightly lit outposts hawking variations on usurious consumer credit. Those entrepreneurs saw the state breaking down like Bill’s truck, and they moved in, looking to sell the last working parts for scrap.”

Usury Industrialism Loans Economic Depression Home Equity Mortgages Subprime Mortgage Crisis Foreclosures Consumer Credit Surburbs

Book:Ohio

Source: Ohio

“Depression has been called the worlds number one public health problem. In fact, depression is so widespread it is considered the common cold of psychiatric disturbances. But there is a grim difference between depression and a cold. Depression can kill you.”

World Has Beens Facts Problem Differences Common Numbers Cold Grim Public Health Disturbance Psychiatric Health Problems Postpartum Depression Common Cold Economic Depression

Book:Feeling Good: The New Mood Therapy

Source: Feeling Good: The New Mood Therapy

“The years of the economic depression have been years of political reaction, and that is why the economic crisis has generated a world peace crisis.”

World Years Has Beens Political Economic Depression Crisis Reactions Economic Crisis Economic Depression

Author:Arthur Henderson

“Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves.”

Body Action Business Economic Depression Wounds Producers Cells Consumers Executives Healed Economic Depression

Book:Herbert Hoover, 1874-1964; chronology-documents-bibliographical aids

Source: Herbert Hoover, 1874-1964; chronology-documents-bibliographical aids

“Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.”

Political History Economic Intellectual Opponents Fabulous Honored Carpe Diem Possessing Once Upon A Time Economic Power Political Opponents Economic Depression

Book:Addresses Upon the American Road

Source: Addresses Upon the American Road

“The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it.”

America Faces Pay Economic Crisis Dollars Clock Bubbles Decline Printing Terminal Lenders Clock Is Ticking Economic Depression

Author:Peter Schiff

“Nearly everybody nowadays accepts the 'causal completeness of physics' - every physical event (or at least its probability) has a full physical cause. This leaves no room for non-physical things to make a causal difference to physical effects. But it would be absurd to deny that thoughts and feelings (and population movements and economic depressions . . .) cause physical effects. So they must be physical things.”

“When a country is at war or in economic depression, underdevelopment or tightened security, it sets an affective tone or mood, which seeps through into everyday life via all kinds of channels.”

Kind War Country Economic Security Everyday Mood All Kinds Tone Everyday Life Economic Depression Underdevelopment

Author:Kode9

“A recession is when your neighbor loses his job. A depression is when you lose yours.”

Funny Jobs Loses Depression Smart Laughter Humorous Conservative Witty Neighbor Recessions Great Depression Funny Jokes Great Recession Economic Depression Economic Recession

Author:Ronald Reagan

“A state does not simply fall apart as a result of depression... [Weimar Germany] was not destroyed by economic depression or widespread unemployment, though these naturally contributed to the atmosphere of doom, but because the Weimar Right was resolved to abolish the parliamentary state in favour of a vaguely conceived authoritarian state.”

Doe States Fall Results History Economic Destroyed Atmosphere Germany Unemployment Favour Falling Apart Doom Abolish Nazism Nazi Germany Parliamentary Economic Depression

Author:Sebastian Haffner

“They [the Soviets] intend...to induce the Americans to adopt their own 'restructuring' and convergence of the Soviet and American systems using to this end the fear of nuclear conflict.... Convergence will be accompanied by blood baths and political re-education camps in Western Europe and the United States. The Soviet strategists are counting on an economic depression in the United States and intend to introduce their reformed model of socialism with a human face as an alternative to the American system during the depression.”

“Economic depression can not be cured by legislative action or executive pronouncement.”

Action Economic Depression Cells Consumers Executives Can Not Economic Depression

Book:Herbert Hoover, 1874-1964; chronology-documents-bibliographical aids

Source: Herbert Hoover, 1874-1964; chronology-documents-bibliographical aids