Economic Crisis Quotes

• The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

  George W. Bush

  Growth, Financial, Excuse

  George W. Bush (2010). “Decision Points”, p.471, Random House

  54 Copy quote

  Show source

• The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.

  Joseph Stiglitz

  Surprise, Economic, Crisis

  Joseph Stiglitz (2015). “Freefall: Free Markets and the Sinking of the Global Economy”, p.24, Penguin UK

  8 Copy quote

  Show source

• 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.

  Ludwig von Mises

  Slumps, Credit, Way

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

  11 Copy quote

  Show source

• The world has never been as divided as it is now, what with religious wars, genocides, a lack of respect for the planet, economic crisis, depression, poverty, with everyone wanting instant solutions to at least some of the world's problems or their own. And things only look bleaker as we head into future.

  Paulo Coelho

  Religious, War, Looks

  Paulo Coelho (2011). “Aleph”, p.1, HarperCollins UK

  9 Copy quote

  Show source

• Poverty is not only about income poverty, it is about the deprivation of economic and social rights, insecurity, discrimination, exclusion and powerlessness. That is why human rights must not be ignored but given even greater prominence in times of economic crisis.

  Irene Khan

  Rights, Insecurity, Income

  7 Copy quote

• Social unrest and protectionism are the two major risks of the world economic crisis.

  Christine Lagarde

  Social Unrest, Two, Risk

  22 Copy quote

• The [economic crisis] means that we have to address the challenges and the risks, and we need to take into account the level of resources. Doing better with less means doing it more together.

  Stephane Abrial

  Mean, Challenges, Risk

  5 Copy quote

• We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

  Barack Obama

  Want, Economic, Holes

  "President Obama Speaks in Wisconsin". "Rick's List" with Rick Sanchez, edition.cnn.com. September 6, 2010.

  8 Copy quote

  Show source

• The politics of austerity, of higher taxes, decided by governments, have lengthened the economic crisis.

  Arnaud Montebourg

  Government, Austerity, Economic

  5 Copy quote

• Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.

  Andrew Lo

  Reality, Thinking, Events

  "ANDREW LO: I Read 21 Books About The Financial Crisis And They Explained Nothing" by Rob Wile, www.businessinsider.com. February 6, 2012.

  6 Copy quote

  Show source

• If you can capture the humanity of a family struggling in an economic crisis you can make a difference. You can raise awareness just of the simple humanity.

  Emily Blunt

  Struggle, Simple, Differences

  12 Copy quote

• The reason our economic crisis has been forestalled is the reason there will be an economic crisis.

  James Cook

  Reason, Economic, Crisis

  5 Copy quote

• One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.

  Robert J. Samuelson

  Groups, Analyzing, Waking

  5 Copy quote

• The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs.

  Joey Badass

  Jobs, My Family, Economic

  Source: pitchfork.com

  36 Copy quote

  Show source

• I think that if we don't get these politicians to come together we face the most predictable economic crisis in history.

  Erskine Bowles

  Thinking, Together, Faces

  8 Copy quote

• [The economic crisis ] gave people the option to put money into private accounts.

  George W. Bush

  People, Economic, Crisis

  Source: www.aarp.org

  4 Copy quote

  Show source

• It's not just an economic crisis that capitalism has created. We also face an environmental catastrophe created by a handful of gigantic fossil fuel corporations.

  Kshama Sawant

  Environmental, Fuel, Corporations

  Source: www.socialistalternative.org

  7 Copy quote

  Show source

• Barack Obama is a president who, when he had to deal with the 2008 economic crisis, has led the American economy on a completely different path than the one that Europe has chosen eight years later.

  Alexis Tsipras

  Eight, Years, Europe

  Source: time.com

  7 Copy quote

  Show source

• Racism is always there underneath, but usually it is exploited in these times of economic crisis, and it's hard to find out when one slides into another.

  Iris Chang

  Hard Times, Racism, Racist

  7 Copy quote

• What the U.S. does is it continues to print money when the economic situation gets difficult. This is what happened in the last depression during the summer of 2008 when they tried to resolve the economic crisis by printing valueless money. This is the business privilege given to them at the famous conference of Bretton Woods in 1944 when the United States emerged as the superpower after Europe and the rest of the world, mainly Europe, that had collapsed because of the war.

  Alejandro Castro Espin

  Summer, War, Europe

  "The Future of Cuba". Interview with Lasonas Pipinis Velasco, www.counterpunch.org. February 27, 2015.

  4 Copy quote

  Show source

• Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.

  Vince Cable

  Shadow, Banking, Economic

  "The offensive secrecy of tax havens" by Vincent Cable, www.theguardian.com. September 23, 2009.

  4 Copy quote

  Show source

• Democrats are making it clear that they intend to use our economic crisis to rush through their longtime liberal goals without public scrutiny or debate. ... This will increase burdens on taxpayers and take a significant step toward socialized medicine.

  Jim DeMint

  Medicine, Goal, Use

  4 Copy quote

• It’s easy to see why politicians would be drawn to the populist pose. First, it makes everything so simple. The economic crisis was caused by a complex web of factors, including global imbalances caused by the rise of China. But with the populist narrative, you can just blame Goldman Sachs.

  David Brooks

  Simple, Would Be, Rise Of China

  4 Copy quote

• If you had to explain America's economic success with one word, that word would be "education".... Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board.... We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.

  Paul Krugman

  Education, Blow, America

  25 Copy quote

• If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?

  Thomas Friedman

  Real, Thinking, Acting

  4 Copy quote