Great Depression Quotes - Page 5

• 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.

  Joseph Stiglitz

  Running, War, Iraq

  Source: www.spiegel.de

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• During the Great Depression African Americans understood that Republicans championed citizenship and voting rights, but they became impatient for economic emancipation.

  Rand Paul

  Thinking, Rights, Voting

  "Rand Paul at Howard University". The Washington Post, www.washingtonpost.com. April 10, 2013.

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• My parents, products of the Great Depression, were successful people, but lived in a state of constant fear that my sister and I, and they, would sink into the kind of economic insecurity that their generation knew so well.

  Ben Stein

  Successful, People, Parent

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• all that has changed, in my opinion, is that, thanks to television, we can hide a great depression. we may even be hiding a third world war

  Kurt Vonnegut

  War, Television, World

  Kurt Vonnegut (2009). “Bluebeard: A Novel”, p.92, Dial Press

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• Bankers are likeable rascals. Now that we are all wise to 'em, it's been shown that they don't know any more about finances than the rest of us know about our businesses... which has proved to be nothing.

  Will Rogers

  Wise, Business, Bankers

  Will Rogers (1979). “Will Rogers' Daily Telegrams: The Hoover years, 1931-1933”, Will Rogers Heritage Trust

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• You have a class of young strong men and women, and they want to give their lives to something. Advertising has these people chasing cars and clothes they don't need. Generations have been working in jobs they hate, just so they can buy what they don't really need. We don't have a great war in our generation, or a great depression, but we do, we have a great war of the spirit. We have a great revolution against the culture. The great depression is our lives. We have a spiritual depression.

  Chuck Palahniuk

  Spiritual, Strong, Jobs

  Chuck Palahniuk (2005). “Fight Club: A Novel”, p.149, W. W. Norton & Company

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• The fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.

  Barack Obama

  Party, Hands, Decision

  Barack Obama's Speech on Job Creation and Economic Growth, obamawhitehouse.archives.gov. December 8, 2009.

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• Home sales are coming down from the mountain peak, but they will level out at a high plateau - a plateau that is higher than previous peaks in the housing cycle.

  David Lereah

  Home, Mountain Peaks, Levels

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• Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction, and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Streetm and that the thread of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history.

  David Stockman

  Wall, Years, Elephants

  "The Great Deformation: The Corruption of Capitalism in America". Book by David Stockman, 2013.

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• We are really on track for a soft landing. There are no balloons popping.

  David Lereah

  Track, Balloons, Economic

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• One of the reasons we think this market will start to run out of gas at some point is that you've essentially created as much gold from straw as you can from this financial alchemy

  Scott Simon

  Running, Thinking, Gold

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• We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.

  Arthur Laffer

  Recovery, East, West Coast

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• I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done.

  Barack Obama

  Money, Thinking, Needs

  "Obama plans ambitious first week, aides say" by Ed Henry, www.cnn.com. January 19, 2009.

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• Everything I learned about the Great Depression was from a college textbook.

  Ralph Abernathy

  College, Textbooks

  Ralph Abernathy (1989). “And the walls came tumbling down: an autobiography”, Harpercollins

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• The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.

  Milton Friedman

  Country, Mistake, Men

  Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.50, University of Chicago Press

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• Well, I never lived through the Great Depression, sometimes I feel as though I did.

  Kasey Chambers

  Sadness, Sometimes, Wells

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• Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.

  David Stockman

  Ideas, Brilliant, Scholar

  "David Stockman on his Book and the Bailouts". Mises Institute Interview, mises.org. September 6, 2013.

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• My parents survived the Great Depression and brought me up to live within my means, save some for tomorrow, share and don't be greedy, work hard for the necessities in life knowing that money does not make you better or more important than anyone else. So, extravagance has been bred out of my DNA.

  David Suzuki

  Hard Work, Mean, Dna

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• There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.

  John Kenneth Galbraith

  Awful, Common, Superficial

  John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.212, Princeton University Press

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• Facts are facts: No president since Franklin Delano Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But President Obama is moving America forward, not back.

  Martin O'Malley

  Jobs, Moving, Loss

  "DNC 2012: Maryland Governor Martin O’Malley’s Speech". www.washingtonpost.com. September 04, 2012.

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• Raised by an irresponsible mother during the Great Depression in the Jim Crow south, my father was on his own from the age of 13.

  Larry Elder

  Mother, Father, Crow

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• Failing to curb the impact of climate change could damage the global economy on the scale of the Great Depression or the world wars by spawning environmental devastation that could cost 5 to 20 percent of the world's annual gross domestic product.

  Nicholas Stern

  War, Impact, Environmental

  The report by Nicholas Stern, www.washingtonpost.com. October 31, 2006.

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• Jesse Owen was bigger than a black hero, he was an American hero. For me, I looked at it from that perspective. Through my research, I obviously learned a lot, much of which made me sad, upset, disappointed and even angry, regarding what Jesse had to go through. Not only was he a black man in America during an age of high racial tension and segregation, but he was also living in the middle of the Great Depression - it was very difficult times for him and his family.

  Stephan James

  Hero, Men, America

  Source: www.hollywoodchicago.com

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• Burlesque thrived during the Great Depression, and by extension, so, too, did Gypsy [Rose Lee]. Men could no longer afford to pay $5.50 to see a show on Broadway, but they could scrape together $1.00 for a matinee at a burlesque house.

  Karen Abbott

  Men, Rose, House

  Source: tech.blorge.com

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• The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

  John Kenneth Galbraith

  Years, Knowing, People

  Source: www.progressive.org

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