Angela Merkel Quotes

I think if there's a great depression there might be some hope.

Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn't understand that is fooling themselves.

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

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.

I was born in 1928 and by 1931 the Depression was beginning to mount.

Long before we wake up from our dream of prosperity through an inflated currency, our gold … will have vanished and no rate of interest will tempt it to return.

Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destroy the value of the assets of national institutions such as banks, savings banks, insurance companies, and others. These institutions, because of their great needs, were foreclosing mortgages, calling loans, refusing credit. Thus there was actually in process of destruction the property of millions of people.

A recession is when a neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.

Every day I've got to hear about unemployment and people starving.

Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it.

I didn't feel the Depression at all. I always had a pocketful of money.

It's diamonds in your pockets one week, macaroni and cheese the next.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.

The economy is rough. I think that affects everyone from big filmmakers to tiny filmmakers.

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.

These are challenging times for all Americans. We face the specter of war abroad and a steady stream of bad economic news at home.

Governments can inflate their way out of debt, but that has consequences, doesn't it?

We're living in hard times.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

Europe is on an economic collision course with reality.

It always looks dark at the bottom of a recovery.

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

The periods of unemployment accompanying depression in the business cycle ... present a challenge to all our claims to progress, humanity, and civilization.

The Depression has caused an emergency more serious than war.