“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.” ThinkingMightHouseBitsEconomyPathBasesSpendingEmploymentDeclineConsumptionHouse Prices Author:Ben Bernanke
“The sluggish economy is creating a situation where the young people in Japan cannot cherish their desires or have prospects for their future. Also, the decline in Japan's economic capability is resulting in a declining presence for Japan's foreign policy as well. Accordingly, the duties and mission that I must fulfill are pretty clear: namely, to regain a strong and robust economy, and also to restore Japan's strong foreign policy capability.” PeopleWellsYoungDesireStrongSituationEconomyClearEconomicPolicyDutyCreatingMissionsJapanCherishCapabilityForeign PolicyDeclineProspectsRobustSluggish Author:Shinzo Abe
“I know that it is likely that as worship of the gods declines, faith between men and all human society will disappear, as well as that most excellent of all virtues, which is justice.” KnowsMenHumansWellsWisdomPoliticsJusticeEconomyVirtueWorshipDisappearExcellentLiberalismDeclineHuman Society Author:Marcus Tullius Cicero
“Compassion is something we can count on. Even if we face economic problems and our fortunes decline, we can still share our compassion with our fellow human beings. National and global economies are subject to many ups and downs, but through them all we can retain a compassionate attitude that will carry us through.” IfsHumansStillsProblemFacesHuman BeingsAttitudeCompassionEconomyShareEconomicSubjectsFellowsFortuneCompassionateDeclineUps & DownsGlobal EconomyEconomic Problems Author:Dalai Lama
“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.” WorldLongWarHelpingRunningAmericaEconomyResearchIncreaseIraqProductivityWar Of The WorldsUnusualWorld War IiDeclineWorld War ILong RunsGreat Depression Author:Joseph Stiglitz