Recessions Quotes - Page 3

• In economic terms, health care is a highly successful industry - profitable, growing, and virtually recession-proof - but it's a massive burden on the rest of the economy.

  Marcia Angell

  Successful, Growing, Care

  "Health Reform: Throwing Good Money After the Bad" by Marcia Angell, www.huffingtonpost.com. September 24, 2009.

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• I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.

  Charlie Munger

  Strong, Creating, Worry

  Charlie Munger's speech at the Breakfast Meeting of the Philanthropy Roundtable in Washington, D.C., November 10, 2000.

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• One argument goes that recessions are good for female artists because when money flies out the window, women are allowed in the house. The other claims that when money ebbs, so do prospects for women.

  Jerry Saltz

  Artist, House, Female

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• I'm proud of the fact that Downton Abbey was born in a recession, at a time when ITV had dropped a lot of drama programmes. And I know that because I was out of work at the time!

  Rob James-Collier

  Drama, Proud, Facts

  "'Downton Abbey's Rob James-Collier On His Tragic Hero Thomas Barrow, Dancing With Dame Maggie Smith And Waiting For The Next Role". Interview with Caroline Frost, www.huffingtonpost.co.uk. November 18, 2015.

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• The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.

  Doug Casey

  Able, Way, Absence

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• The Fed is pushing a variety of workarounds that would inject trillions in new money into the economy while bypassing the banking system altogether. Time will tell whether or not this will succeed. Meanwhile, a serious danger lurks around the corner. Once the recession is over, the lending will start again. With fractional-reserve banking and limitless supplies of cash on hand, we will likely see the overall price trends reversed, from deflation to inflation to possible hyperinflation.

  Llewellyn Rockwell

  Hands, Banking, Cash

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• The Great Recession is not imaginary, and the effects loom large. There was an article in the NYT about the galloping death rate among white men in middle age. Higher than among any other demographic, etc. Mostly death by drugs, alcohol, or suicide. Many of them rural. My feeling is that it's many people who haven't been able to get back into the work force. Reg Morse is an example of the problem.

  Rick Moody

  Suicide, Men, White

  Source: therumpus.net

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• There's never a recession if you work for the government.

  Ann Coulter

  Government, Ifs

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• The bottom line for Canada is that Kyoto will precipitate a recession that will cause a permanent reduction in employment, income and the size of our economy. And if global warming is going to happen Kyoto will do nothing whatsoever to prevent it or even slow it down. Why are we still considering it?

  Ross McKitrick

  Kyoto, Income, Employment

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• The greatest gift that Michelle and I have received over the last eight years has been the honor of serving as your President and First Lady. Together, we fought our way back from the worst recession in 80 years, and got unemployment to a nine-year low.

  Barack Obama

  Eight, Years, Honor

  Source: www.realclearpolitics.com

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• If we lose a job, we are easily tempted into thoughts like, "Ain't it awful? There aren't any jobs out there. This is terrible. It'll be awhile before the economy comes back. Even if they're hiring someone, they're not hiring someone my age with my resume." And that's really what causes the crash and burn. The fact is, there are Fortune 500 companies that have been founded during recessions.

  Marianne Williamson

  Jobs, Age, Awful

  "A Conversation with Marianne Williamson: Powerful pioneer in new thought and spirituality". Interview with Maranda Pleasant, www.marandapleasantmedia.com.

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• A level of anxiety and tension and outright fear that so many people have felt, not only during the recession but during this slow economic recovery since. This made me very much want to up the conversation about how miracle-minded thinking applies to that area of life.

  Marianne Williamson

  Recovery, Thinking, People

  "A Conversation with Marianne Williamson: Powerful pioneer in new thought and spirituality". Interview with Maranda Pleasant, www.marandapleasantmedia.com.

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• I talked with people starting up in the middle of the recession and employees, and supplies and office space were cheap. As far as companies that are already in existence, many became more creative with how they spent their money. A lot of them stopped wasting money that they didn't know they were wasting after they looked hard at their businesses. Some had to change business models because of the economy. Their market didn't exist or wasn't as big anymore.

  JJ Ramberg

  Office Space, Starting Up, People

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• Earlier this week - this is crazy - the country's first marijuana cafe opened up, which not only sells medical marijuana, but also has a restaurant where customers can eat. In a related story, the recession is over.

  Conan O'Brien

  Country, Crazy, Marijuana

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• I am upset and completely disappointed in the government, the millionaires and billionaires in the U.S. See what's happening to the country? Look at all the health problems, the economy, the recession and crime.

  Maharishi Mahesh Yogi

  Country, Government, Upset

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• In Europe there's an dangerous growth of ultra xenophobia which is pretty threatening to any one who remembers the history of Europe... and an attack on the remnants of the welfare state. It's hard to interpret the austerity-in-the-midst-of-recession policy as anything other than attack on the social contract.

  Noam Chomsky

  Xenophobia, Europe, Growth

  "Noam Chomsky on America's Economic Suicide". Interview with Laura Flanders / GRITtv, www.alternet.org. May 4, 2012.

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• The US and Europe are committing suicide in different ways. In Europe it's austerity in the midst of recession and that's guaranteed to be a disaster. There's some resistance to that now. In the US, it's essentially off-shoring production and financialization and getting rid of superfluous population through incarceration.

  Noam Chomsky

  Suicide, Europe, Austerity

  "Noam Chomsky on America's Economic Suicide". Interview with Laura Flanders / GRITtv, www.alternet.org. May 4, 2012.

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• We have a very robust set of plans. And people have looked at both of our plans, have concluded that mine would create 10 million jobs and yours [Donald Trump] would lose us 3.5 million jobs, and explode the debt which would have a recession.

  Hillary Clinton

  Jobs, People, Debt

  "The first Trump-Clinton presidential debate transcript, annotated". www.washingtonpost.com. September 26, 2016.

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• Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.

  Dick Morris

  Dream, Jumping, Eight

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• Two thirds of the work in the world is done by women. Women own 1 percent of the assets. Young women are sold into prostitution, forced labour, premature marriage, forced to have children they don't want or they can't support. They're abused, raped, beaten up. Domestic violence is supposed to be a cultural problem. They are the first victims of war, fundamentalism, conflict, recession. And young women who have access to education and health care and have resources think that everything was done, they don't have to worry.

  Isabel Allende

  Children, War, Thinking

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• At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.

  George Soros

  Running, Government, Over You

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• If there's a recession, I'd buy stocks. That's when you make money: when markets are spooked.

  Ben Stein

  Making Money, Ifs

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• In brief, we have no explicit family policy but instead have a haphazard patchwork of institutions and programs designed mostly under crisis conditions, whether the crisis is national in scope (such as a recession ) or personal (such as a break-up of a particular family).

  Kenneth Keniston

  Family, Broken, Program

  Kenneth Keniston, Carnegie Council on Children (1977). “All our children: the American family under pressure”, Houghton Mifflin Harcourt P

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• The backlash against women's rights would be just one of several powerful forces creating a harsh and painful climate for women at work. Reagonomics, the recession, and the expansion of a minimum-wage service economy also helped, in no small measure, to slow and even undermine women's momentum in the job market. But the backlash did more than impede women's opportunities for employment, promotions, and better pay. Its spokesmen kept the news of many of these setbacks from women. Not only did the backlash do grievous damage to working women C it did on the sly.

  Susan Faludi

  Jobs, Powerful, Opportunity

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• In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.

  John Kenneth Galbraith

  Jobs, Opportunity, Missing

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