Stuart Chase Quotes

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

The upward economic movement in America has undoubtedly reached its end – the crisis has come.

We have depressions about every 10-20 years—just long enough for the current generation to forget the last depression.

Any organisation has to go through at least one depression to see how it survives, and a normal economic cycle takes seven years.

Depression is the aftermath of credit expansion.

The economic crisis has weakened the EU for years.

A recession is when your neighbor loses his job. A depression is when you lose yours.

Britain was set to repeat the boom-bust cycle that led to 15 per cent. interest rates for one whole year in the early 1990s.

During the next four years...unless drastic steps are taken by Congress, the U.S. will have nearly 8,000,000 unemployed and will stand on the brink of a deep depression.

Boom and bust is a term that applied to the Conservative years and two of the worst recessions in history.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

Admit it America - 2008 was our national 'oops' moment!

If we bankrupt America, we will all pay the price.

This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.

The year 2008 was a reminder to those who had forgotten that there is such a thing as history and that the cycle of famine and feast in commerce, first identified in antiquity and well understood in the Middle Ages, was not suddenly abolished in modern times.

History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust.

How much would you pay to avoid a second Depression?

Even if consumer confidence hit rock bottom, that most likely would not be enough, by itself, to cause a depression.

There is one iron law of history. When a country’s economy starts to decline, if it continues to decline, it will lose its greatness.

If only we can avoid a repetition of the depression that culminated in Mr. Hoover's Administration, we will be very fortunate. This depression, of course, had nothing to do with President Hoover's policies, but was the result of after-war activities by certain groups in this country which, I fear, may be duplicated again unless the people and the Congress are very wary.

I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future

Shaking the confidence in the American economy. This will lead investors to refrain from investing in America or participating in American companies, thus accelerating the fall of the American economy.

This would be bad for America

When times were good, we made more money. When times are bad, we make less money.