The Economy Financial Crisis Quotes Highlighted on Many Aspects

Posted by Vebra on January 17, 2017

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
- Ben Bernanke


Imagine a world where the banks have frozen your assets, and the government can't provide basic services, like police and fire rescue.

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
- Will Durant

Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
- Robert Orben

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
- John Maynard Keynes


The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.
- Ron Chernow

No one should expect the value of their house to appreciate quickly – counting on your home to be a significant part of your retirement saving isn't a winning strategy – but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
- Mark Zandi

There is much to dislike about President Obama's approach to the financial crisis. But opposition, it seems, will have to come from somewhere other than conservatism. The party out of power is also a party out of touch.
- Thomas Frank

In my right-wing politics of the time, I held that unemployment was usually the fault of the unemployed.
- Luke Ford

The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
- King Abdullah II

Medical debts are the number-one cause of bankruptcy in America.
- Barbara Ehrenreich

No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.
- Brad Henry

If we don't change, millions of American families are just one medical emergency, or one layoff, away from financial disaster and bankruptcy.
- Jim Cooper

Five thousand people every day lose their home because of a medical bankruptcy. Most of them had insurance.
- Debbie Stabenow

I think most people believe success in government is how many fewer people are in government, not because you kick them off of benefits like unemployment but they've been able to control their own destiny because private sector employers have created more jobs.
- Scott Walker

More people on unemployment benefits is not success in America, fewer people on not because we kicked them off but because they have been able to get a job in the private sector, because government got out of the way.
- Scott Walker

Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price.
- Robert Orben

The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.
- Mark Zandi

Common sense tells us that the government's attempts to solve large problems more often create new ones. Common sense also tells us that a top-down, one-size-fits-all plan will not improve the workings of a nationwide health-care system that accounts for one-sixth of our economy.
- Sarah Palin

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
- Jean-Francois Cope

With unemployment still abysmally high, the Obama economy is crushing Hispanics' dreams for their children to live a better life.
- Marco Rubio

In a very weak economy, when you say ‘cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
- Fareed Zakaria

Julia progresses from cradle to grave, showing how government makes every good thing in her life possible. The weak economy, high unemployment, falling wages, rising gas prices, the national debt, the insolvency of entitlements – all these are fictionally assumed away in a cartoon that is produced by a president who wants us to forget about them.
- Mitt Romney

One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt.
- Lee Iacocca

In Michigan, a liberal democrat raised taxes and kept their government programs at the same level. And guess what? Their economy continued into the toilet, it continued down.
- Rick Perry

We are watching industries crumble, Wall Street firms disappear, unemployment spike, and unprecedented government intervention. And our designated opinion leaders want to know: Is Obama up this week? Is he down? And is his leadership style more like Bill Clinton's, or Abraham Lincoln's?
- Thomas Frank

The American people I talk to don't spend every moment thinking, ‘How can I tax my neighbor more than they're being taxed?' They say, ‘How can I get a good job? How can my kids get good jobs? How can seniors have a confidence in their future when they know that Social Security, Medicare and Medicaid are bankrupt?'
- Mitt Romney

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.
- Jonathan Sacks

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
- Milton Friedman

We cannot continue. Our pension costs and health care costs for our employees are going to bankrupt this city.
- Michael Bloomberg

They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it.
- Chris Christie

And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
- Barack Obama

Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.
- Andrew Lo

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.
- George W. Bush

First, I think the science of monetary economics has clearly gotten better.
- Martin Feldstein

One of the gaps in our international development efforts is the provision of global public goods – that is, goods or conditions we need that no individual or country can secure on their own, such as halting global warming, financial stability and peace and security.
- Anna Lindh

President Obama has basically avoided or not done any attempt to intervene in any positive way in the housing market. I think in the financial crisis that's been a shame.
- Glenn Hubbard

Politics thrives on simple, clean messages, something that played to Obama's advantage in 2008. Stagnant unemployment and the loss of America's AAA rating are as simple and tough as they come. This is the economy on Obama's watch, and there's no one left to blame.
- John Sununu

Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we've made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true.
- Charles Vest

Naturally we are aware of the strength of our economy and naturally we don't want to downplay it.
- Gerhard Schroder

The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.
- Laurent Fabius

Now, people when I say that look at me and say, ‘What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?'. The answer is yes, that's what I'm telling you.
- Joe Biden

Money is the worst currency that ever grew among mankind. This sacks cities, this drives men from their homes, this teaches and corrupts the worthiest minds to turn base deeds.
- Sophocles

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
- Henry Ford

The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
- Henry Hazlitt

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.
- Evan Davis

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
- Warren Buffett

In his first year in office, President Obama pulled us back from the brink of the greatest economic crisis since the Great Depression and worked to lay a new foundation for economic growth. The president identified three key strategies to build that lasting prosperity: innovation, investment, and education.
- Tom Vilsack

His lack of education is more than compensated for by his keenly developed moral bankruptcy.
- Woody Allen

I have always said there is only one thing that can bring our nation down – our dependence on foreign countries for food and energy. Agriculture is the backbone of our economy.
- John Salazar

High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
- Ruben Hinojosa

Sometimes I even now feel like a stranger in my country. But I knew there would be problems because I had seen the world as a skater. And now? A lot of people in eastern Germany have lost jobs, rents went up, food costs went up, unemployment went to 20 percent. Freedom is good, but it is not easy.
- Katarina Witt

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.
- Franklin Raines

Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.
- Meg Whitman

Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.
- John Conyers

As legal slavery passed, we entered into a permanent period of unemployment and underemployment from which we have yet to emerge.
- Julian Bond

Together with a team of financial and legal experts I have spent months exploring all possible alternatives to bankruptcy but to no avail.
- Shane Filan

Liberal that I am, I support health-care reform on its merits alone. My liberal blood boils, for example, when I read that half of the personal bankruptcies in this country are brought on, in part, by medical expenses.
- Thomas Frank

In this most powerful nation in the world, lack of access to health care should not force local and state governments, companies and workers into bankruptcy, while causing unnecessary illness and hospitalization.
- John Conyers

No one should expect the value of their house to appreciate quickly – counting on your home to be a significant part of your retirement saving isn't a winning strategy – but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come.
- Mark Zandi

If you're under 26, you can stay on your parents' plan. You can go back to school or get extra training without fear of a health catastrophe bankrupting your family. Over three million previously uninsured young adults are now on their parents' plans.
- Kathleen Sebelius

Because when we think about the real facts: 44 million Americans without health insurance, millions without jobs, a 50-year high on mortgage foreclosures, an historic high the third year in a row on personal bankruptcies.
- Chaka Fattah

Jobs are disappearing from every sector of the economy, from engineering to health care workers, forcing hundreds of thousands of families into unemployment and low-paying jobs.
- Jerry Costello

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
- Friedrich August von Hayek

People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people's home lives, domestic stuff.
- Jesse Jackson

Today's misery is real unemployment, home foreclosures and bankruptcies. This is the Obama Misery Index and its at a record high. Its going to take more than new rhetoric to put Americans back to work – its going to take a new president.
- Mitt Romney

Disappointment is a sort of bankruptcy - the bankruptcy of a soul that expends too much in hope and expectation.
- Eric Hoffer

If you got problems like unemployment, Social Security, Medicaid, Medicare and there's a guy that's always been there for you and for your family, then you say ‘He's a nice guy. I don't know where he came from or how long he's been here, but Charlie Rangel's the man.' That's what I'm relying on.
- Charles Rangel

People aren't going to go bankrupt anymore if they have a serious illness, which was a serious issue here in the country before the Affordable Care Act. And, in fact, the expense of expanding health care for those who need the subsidy is picked up by the federal government for most of the early years.
- Deval Patrick

But if the choice is a cool president and 8 or 10 percent unemployment in a declining economy and a country that seems to be going in the wrong direction and structural unemployment for young people at 50 percent, I'd rather have a dorky president who fixed those problems.
- Jonah Goldberg

What matters to me is that I do what I think is right and I see, I'm a numbers guy, that's my attitude. I know we have a debt tsunami coming, we are bankrupting this country and I'm in a position where I can actually advance ideas to prevent that from happening. That's exactly what I should be doing.
- Paul Ryan

President Obama clearly cannot run on his record. All he's offering is more of the same. That's not good. Look at the economy. It's stagnating. And so, what they're now going to try and do is bring this campaign down to little things, distractions, distortions, smear, fear, anger, frustration.
- Paul Ryan

I think what is happening is I think first of all there is confidence in the U.K. economy. We're in a German rather than a Greek position in international financial markets, which is very positive and keeps our debt service costs down, and we're also beginning to see real evidence of rebalancing.
- Vince Cable

When more and more people are thrown out of work, unemployment results.
- Calvin Coolidge

And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
- Barack Obama

Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
- Ronald Reagan

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
- James Buchan

Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The ‘fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.
- Ron Fournier

Really, the potential for, first of all, any college graduate today is enormously good. These are good times for anyone with a college degree today, particularly African Americans. With a college degree today, you really breach the unemployment rate.
- Alexis Herman

We've got to demonstrate why European unity and integration, our vast single market, our single currency, equip us with the strength to embrace globalization.
- Peter Mandelson

I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.
- Victor Borge

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
- William E. Simon

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
- Ernest Hemingway

Now that I am sixty, I see why the idea of elder wisdom has passed from currency.
- John Updike


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InspirationalQuotes.Asia
InspirationalQuotes.Asia Updated: January 17, 2017