“The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.” SaidPoliticalEconomyModernCrisisWestFinancialIdeologyFrightenedPollutionThey SaidEconomistPrevailingFinancial CrisisPolitical Economy Author:James Buchan
“I saw the government really using the excuse of a weak economy and a financial crisis to create more government and to push onto the American entrepreneurial society more and more restraints and government activity.” GovernmentEconomySawsActivityWeakCrisisFinancialExcuseRestraintEntrepreneurialFinancial Crisis Author:Rob Portman
“There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.” WantLittlesLongEndsGovernmentWaitingEconomyRiskLessonsCrisisFinancialSpendingDamageGet AwayMore MoneyUnderestimateFinancial Crisis Author:Timothy Geithner
“As the United States continues its slow but steady recovery from the depths of the financial crisis, nobody actually wants a massive austerity package to shock the economy back into recession, and so the odds have always been high that the game of budgetary chicken will stop short of disaster. Looming past the cliff, however, is a deep chasm that poses a much greater challenge -- the retooling of the country's economy, society, and government necessary for the United States to perform effectively in the twenty-first century.” WantFirstsCountryStatesGovernmentPastGamesChallengesUnitedUnited StatesEconomyGreaterCenturyTwentiesCrisisDepthFinancialDisasterRecoveryShockMassiveChickensSteadyOddsPackagesCliffsRecessionsFinancial CrisisChasmsAusterityLooming Author:Fareed Zakaria