Paul Keating Quotes

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.

Canadians know that the promise of a recession didn't happen because of anything we did here. If you look at all the causes of the recession, problems in mortgage markets, the problems in the banking sector, the problems in government finance in countries like Greece, none of those problems were in present Canada.

California's economy is declining so rapidly that candidates are asking 'Are you better off now then you were four minutes ago?'

The Cuban economy is a disaster. No, I do not praise Fidel Castro.

The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.

I was asked what I thought about the recession. I thought about it and decided not to take part.

Historians will likely give Obama credit for steering the country away from the brink of economic collapse in 2009.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

In history, the evidence is overwhelming: Stock market bottoms happen, and then stocks jolt upwards while the economy keeps getting worse - sometimes by a lot and for a long time.

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.

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

God deliver us from the professional economists.

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

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

The Republican approach to handling the coronavirus and the economy is apparently not to turn to our government, but to put our heads down, go on as usual, and hope for a vaccine.

The U.S. is becoming an industrial heartland again.

There is always some chance of recession in any year. But the evidence suggests that expansions don't die of old age.

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

[Obama White House] rescued the economy from the worst recession.

America needs a president who can fix the economy because he understands the economy, and I do and I will.

At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

The economic times we are facing... are arguably the worst they've been in 60 years. And I think it's going to be more profound and long-lasting than people thought.

I've seen a lot of government try to solve problems, and it didn't work. And my view is that the right course for America is to have someone who understands how the economy works who will passionately get America back on track.