Recessionary Gap Quotes

From now on, depressions will be scientifically created.

When the economy shows signs of faltering, prompt countermoves are required. Even mild measures on the part of government can be effective in the early stages of an economic decline. ... If action is withheld until a recession has gained momentum, strong and costly measures may prove insufficient.

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

There are long lags between the start of a downturn and the potential launch of an effective fiscal stimulus.

How much would you pay to avoid a second Depression?

History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.

New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

In the middle of a recession no tax increase is justified because it kills jobs, and any tax increase is a job-killing measure and should be defeated.

The trade deficit always goes up when the economy is strong and plummets when the economy sinks, as it did during both the Great Depression of the 1930s and the Great Recession of 2008-09.

One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11.

A temporary reduction in tax rates on individual incomes can be a powerful weapon against recession.

Aggressive government spending during the Great Recession was absolutely necessary.

The reason inflation was brought down to manageable levels, by the time of Ronald Reagan's re-election, was directly attributable to Jimmy Carter's very courageous act, hiring a Federal Reserve chair, with the charge to induce a recession. That recession was probably the reason he didn't win a second term.

We have not recovered all that we lost in the Bush recession. That's why we need to continue to move forward.

There is one policy for recession or depression and another for good times.

If there's a severe recession, the automatic stabilizers will come into effect, and we will still try to reduce the structural deficit, but we will not try to keep cutting the budget so that we keep worsening a severe recession.

The worst failures of the Federal Reserve have come from waiting too long tp tighten monetary policy during expansions, not from loosening it too much during recessions.

A national government has to be able to spend money in a recession to make up for the private money that is not being spent.

Historical experience shows that a crisis causes either a recovery or catastrophic consequences.

There are always, of course, job losses of a cyclical nature in a recession.

If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.

There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.