Economic Crash Quotes & Sayings

The economic insecurity of the past ten to 15 years, the 2008 Wall Street crash, NAFTA, and the loss of millions of good jobs - these directly grow out of Democratic Party neo-liberal policies. — Jill Stein

Peruzzi, secured on expected revenue from the wool tax. When this brought in too little and Edward could not repay, the drain on the Italian companies bankrupted them. The Peruzzi failed in 1343, the Bardi suspended a year later, and their crash brought down a third firm, the Acciaiuioli. Capital vanished, stores and workshops closed, wages and purchases stopped. When, by the malignant chance that seemed to hound the 14th century, economic devastation in Florence and Siena was followed first by famine in 1347 and then by plague, it could not but seem to — Barbara W. Tuchman

This you may say of man - when theories change and crash, when schools, philosophies, when narrow dark alleys of thought, national, religious, economic, grow and disintegrate, man reaches, stumbles forward, painfully, mistakenly sometimes. Having stepped forward, he may slip back, but only half a step, never the full step back. — John Steinbeck

How can HOW help us repair our faltering global economy?
Only by getting our "hows" right can we ensure that we are sustainable. This can only be achieved when we are rooted in, and inspired by, sustainable values. The global economic meltdown supplied a perfect, but painful, example of how sustainability cannot be guided by situational values. The economic crash occurred because too many financial companies became disconnected from fundamental values and long-term sustainable thinking. Instead of nurturing sustainable collaborations, banks, lenders, borrowers and shareholders pursued short-term relationships founded on situational values. More than ever we need to get out of this cycle of crises and build long-term success and deep human connections so that we achieve enduring significance in today's globally interconnected world. — Dov Seidman

The dominant economic approach of the last thirty years is now on its last legs. Letting the market rip and an indifference to inequality are now seen as important causes of the greatest economic crash since the 1930s. — Frances O'Grady

Unless we do something and do it quickly, we may be going back to an economic stone age. — Kenneth Eade

I believe that the banks and the financial services industry take more than their fair share of our profits by using unfair business tactics. It now appears that our entire financial system has taken far more risk than is warranted by its capital structure and that this will lead to a market crash affecting economies worldwide. Gordon L. Eade — Kenneth Eade

Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy. — Frances O'Grady

Economics ought to be a magpie discipline, taking in philosophy, history and politics. But heterodox approaches have long since been banished from most faculties, claims Tony Lawson. In the 1970s, when he started teaching at Cambridge, the economics faculty still boasted legends such as Nicky Kaldor and Joan Robinson. "There were big debates, and students would study politics, the history of economic thought." And now? "Nothing. No debates, no politics or history of economic thought and the courses are nearly all maths."
How do elites remain in charge? If the tale of the economists is any guide, by clearing out the opposition and then blocking their ears to reality. The result is the one we're all paying for. — Aditya Chakrabortty

From the ashes of a financial crash, there is a chance to create a new economic settlement that is more equal, sustainable and democratic. — Frances O'Grady

We all get lots of people. And maybe we don't always get to have them the exact way we want them, but if we can figure out a way to compromise, you know, then we can keep them all. — John Corey Whaley

I've always thought the American eagle needed a left wing and a right wing. The right wing would see to it that economic interests had their legitimate concerns addressed. The left wing would see to it that ordinary people were included in the bargain. Both would keep the great bird on course. But with two right wings or two left wings, it's no longer an eagle and it's going to crash. — Bill Moyers

At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses. — Karl Liebknecht

THE MISCONCEPTION: We could create a system with no regulations where everyone would contribute to the good of society, everyone would benefit, and everyone would be happy. THE TRUTH: Without some form of regulation, slackers and cheaters will crash economic systems because people don't want to feel like suckers. — David McRaney

Disciplined governments do not engage in the economic equivalent of binge eating followed by crash dieting. — Peter Blair Henry

It is your duty to examine the conduct of public figures and to place them in the spotlight - that is your duty. — Nelson Mandela

I was involved with a sports car called Cizeta-Moroder, which was the first 16-cylinder car, beautiful. I think we sold about eight cars, and then in '92 the economic crash came, and we had to close the shop. — Giorgio Moroder

The financial and economic crash of 2008, the worst in over 75 years, is a major geopolitical setback for the United States and Europe. — Roger Altman

I get it, Dylan. Please ... fuck me now," she says through clenched teeth. How can I resist her when she says it like that? And those fuck-me-eyes ... yes, I will fuck you, sweetheart, but I can't resist teasing her one last time. "Do you think you deserve this cock after the way you misbehaved? — Ella Dominguez

Some time ago Ken Galbraith, in his witty and insightful The Great Crash, coined a new economic term: "the bezzle," defined as the current amount of undiscovered embezzlement. This financial creature has a magical quality: The embezzlers are richer by the amount of the bezzle, while the embezzlees do not yet feel poorer. — Warren Buffett

The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from, social good. A train crash which generates £1bn worth of track repairs, medical bills and funeral costs is deemed by this measure as beneficial as an uninterrupted service which generates £1bn in ticket sales. — George Monbiot

I routinely watched Dallas, like no one I had encountered before or since, wipe clean people's vision of who God was, what his Son did and why, and what the Holy Spirit wishes to do in and through his church and then replace it with an all-consuming, hope-filled, grace-empowered, joy-seeking, love-giving gospel of God's boundless goodness and power. All the while he never manipulated emotions, overcame people's will, or used fear as a motivator. — Dallas Willard

Most of those who manage investment operations or who have sizable amounts of money to invest are, indeed, Republican in their politics. Naturally, perhaps inevitably, they believe in the politicians they support, the doctrines these profess, and the economic advantage flowing therefrom. It is especially easy for those seemingly so blessed to be persuaded of the new and approximately infinite opportunities for enrichment inherent in a Republican age under a Republican regime. So in 1929; so again before the crash in 1987. All so vulnerable and all so affected, whatever their politics, should be warned. T — John Kenneth Galbraith

You are always new. The last of your kisses was even the sweetest; the last smile the brightest; the last movement the gracefullest. — John Keats

I was enamored of New York City intellectual life and was really into Philip Roth because I was raised by self-loathing Midwesterners who were from southern Illinois, who felt like fish out of water when they came to the East Coast when I was a kid. — Meghan Daum

I just hope when my body goes, or when my mind does, I have the guts to end it the way Hemingway did. I don't want anybody wiping drool off my chin. — Paul Newman

An important book for understanding the history of our economic boom & bust cycles. It's an eye-opening account of how we are repeating the mistakes of the 1760's, 1850's, and 1920's. The author is a brilliant writer and is so good at explaining even the most complex subjects in a compelling & easy to understand way. The next crash will be painful but it's important to understand what is being done to us, and how we can learn from history and take action. — Thom Hartmann

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

Punishment and reward are usually enough motivation to make us move forward. — Ben Tolosa

The warning signs had been there since the crash of 2008, but after the initial shock, nothing had been done to correct the problem. Banks had been trading over $7 trillion in risky derivatives daily, as well as fixing interest rates and making bets on the rigged games. There was an ever-growing gap between the elite and all the rest of the people which had continued to develop even after the 2008 crash. — Kenneth Eade

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers. — Ben Bernanke

Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest. — Marc Faber

But whether the just have a better and happier life than the unjust is a further question which we also proposed to consider. — Plato