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Recessions Quotes

“The Nazi Party was, in the early 1920s, but one among many nationalist and volkisch radical political groups. It was catapulted to prominence with the onset of economic recession in the late 1920s... The Nazis owed their spectacular to a combination of two discrete sets of factors: first, their distinctive organisation and strategy; and secondly, the wider socio-economic conditions which created climates of opinion and sets of grievances on which the Nazis could prey.”

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Author:Mary Fulbrook
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“I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.”

NeedsGivingLongHas BeensEnoughPhilosophyFactsFacesPoliticalInterestCuttingPolicyEconomicsMovedInvestmentRateExcuseAlternativesMakersBubblesAlways BelieveMomentumRecessionsInterest RateCentral BanksPolicy MakersDownturn
Author:Paul Krugman
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“From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.”

CountryPastEasyMoneyEconomyEconomicCenturyPolicyResourcesEconomicsCrisisCurrentsConsistentFedsBubblesArtificialReservesSeventiesHousingOver The PastRecessionsGreat DepressionFederal ReserveFloodingEconomic CrisisDownturnEasy MoneyEconomic DownturnHousing Bubble
Author:Ron Paul
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“"The ultimate recession": a recession caused not by failed regulation and bankers' greed, but by very high oil prices, food and water shortages, disappearing forests, accelerating climate change, forced migration and mass civil disruption...The long and the short of it, unfortunately, is this: more politicians still believe that economic recovery depends on continuing to live beyond our means (financially and ecologically) than on learning to live within our means. And that's why the ultimate "Perfect Storm" recession still looms on the horizon”

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Author:Jonathon Porritt
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“The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money.”

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Author:George W. Bush
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“There is an island fantasy A "Someday I'll," we'll never see When recession stops, inflation ceases Our mortgage is paid, our pay increases That Someday I'll where problems end Where every piece of mail is from a friend Where the children are sweet and already grown . . . . Most unhappy people . . . put happiness on "law away" And struggle through a blue today . . . . Life's most important revelation Is that the journey means more than the destination . . .”

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Author:Denis Waitley
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“However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.”

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Author:Daniel Kahneman
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“We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.”

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Author:James Callaghan
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“The bottom line for housing is that the concerns we used to hear about the possibility of a devastating collapse—one that might be big enough to cause a recession in the U.S. economy—while not fully allayed have diminished. Moreover, while the future for housing activity remains uncertain, I think there is a reasonable chance that housing is in the process of stabilizing, which would mean that it would put a considerably smaller drag on the economy going forward.”

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Author:Janet Yellen
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“Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.”

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Author:Margaret Thatcher
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