Economic Cycle Quotes

Government has no resources of its own. Government can only give to us what it has previously taken from us.

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.

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

Those who are seeking miraculous remedies for the depression are mistaken. Either the present depression is a periodic depression with the economic system, in which case it will be overcome, or it represents a transition from one stage of civilization to another.

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.

No production without a need. But consumption reproduces the need.

The boom, not the slump, is the right time for austerity at the Treasury.

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

There has always been, and there always will be, an economic cycle.

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

There are two main drivers of asset class returns - inflation and growth.

The higher interest and higher inflation is a vicious cycle.

Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.

The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.

When the developed grow fast, the developing grow fast, and when the developed slow down, the developing slow down.

I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.

No President has yet repealed the business cycle.

There shall come seven years of great plenty … And there shall arrive after them seven years of famine, and all the plenty shall be forgotten.

The economy is a thoughtless weather system.

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.

Gordon Brown promised to abolish boom and bust. He has kept half his promise.

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.

When everybody has got money they cut taxes, and when they're broke they raise them. That's statesmanship of the highest order.

On the upswing of an economic cycle, workers, consumers, savers, investors, and entrepreneurs imagine a future that is brighter than the past. On the downswing, they imagine a future dimmer than the past.

The model for our early bankruptcy laws was Deuteronomy, the idea that, under certain circumstances - in Deuteronomy, it is simply the passage of seven years' time - people are released from debt, simply because they are released from debt. No more debt. You start over again. This has been a very powerful model in this country. It's being destroyed now. People talk about how much new employment, new wealth, and so on are continuously generated in this country.