Thomas Carper Quotes

The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.

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

As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise.

Ups and downs are par for the course and very much a feature of the Indian growth process.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

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.

Not every business cycle has a financial crisis. Frequently they do.

Nothing would assure a recession more than a significant drop in housing prices.

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.

From time to time, capitalism has a tendency to implode.

Every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.

If one wants to avoid the recurrence of economic crises, one must avoid the expansion of credit that creates the boom and inevitably leads into the slump.

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

To be sure, booms and busts will come and go. But their severity can vary dramatically based on the policies in place to prevent them. With stronger regulations, neither the housing and derivatives bubbles nor the eventual crash would have been so bad.

Economic freedom is a highly desirable state -- but in bust and boom we must be prepared to face the its consequences.

An economic recession—even when it is of long duration—does not necessarily involve a decline in all trades.

Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.

The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.

In the history of modern capitalism, crises are the norm, not the exception.

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

I think people have to be very careful with new ideas [in fiancé and economics]. What you need to worry about is when you have something that’s a really good idea, but you get too much of it too fast, like over-the-counter derivatives.

Markets that are overpriced will correct and fall of their own weight..

Nasty financial crises tend to be even worse political ones.

We used to be lenders; now we're borrowers. We used to be sellers; now we're buyers. You can't win that way.

There is nothing really solid at the center of our economic lives. There are only the stories we tell one another, the promises we make, the shared views about the future.