Murray Rothbard Quotes

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

The more the government intervenes to delay the market's adjustment, the longer and more grueling the depression will be, and the more difficult will be the road to complete recovery.

No I don't think it was a myth at all, anymore than what the recession that the whole country was experiencing was a myth, which obviously seems like it's going to get worse and worse.

Global stocks bottomed in June 1921, but global economies didn't hit bottom for fully two more years.

Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

To call this a recovery is an insult to recoveries.

Our economy isn't going to recover until the housing market finds its footing.

After several trillion dollars of stimulation by the Obama Administration and the Fed, one might think the economy would be chugging along at a pretty good clip. But, it just isn't so, and the light at the end of the tunnel is pretty dim. Just ask a small business owner.

If anyone will study the causes of retarded recuperation in Europe, he will find much of it due to stifling of private initiative on one hand, and overloading of the government with business on the other.

It always looks dark at the bottom of a recovery.

This great country cannot be permanently kept in a state of relapse. I believe we will reoccupy the field temporarily lost to us, and go out to the peaceful conquest of new and greater fields of trade and commerce. The recovery will come slowly, perhaps, but it will come, and when it does we will be steadier and will better know how to avoid exposure hereafter.

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

If this depression stays with us, the loser Tuesday is going to be the winner.

It is the policies of the Obama Administration that has led to a stagnated economy as well as high unemployment, as well as many of the other issues that we face.

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

Deflation and secular stagnation are the risks of our time.

We have the worst revival of an economy since the Great Depression. And believe me: We're in a bubble right now.

We've incentivized people in the past to maybe turn their vehicles over, you know sooner rather than later. And in the United States with the squeeze on discretionary income and credit that even as the economy comes back there's probably more of a chance than not that it'll be a slower recovery on auto sales.

The economy and its dismal status is the result of policy decisions that Obama has made and put into place. It's not the quirk of fate. It's not that America's best days are over. It's not that America's past was a fad or a quirk. It's not that the great economic days of the eighties were illegitimate or unreal. It's not that this is the new normal. It's not that all of the greatness in the past was undeserved. It is precisely because of Obama policies implemented since 2009 that this country is in the shape it's in.

Republicans don't like people to talk about depressions. You can hardly blame them for that. You remember the old saying: Don't talk about rope in the house where somebody has been hanged.

At best, in such depression times, monetary policy is a feeble reed on which to lean.

The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.

Although the financial crisis, you know, receded a while ago, we kind of never picked up on it.

An underpaid man is a customer reduced in purchasing power. He cannot buy. Business depression is caused by weakened purchasing power. Purchasing power is weakened by uncertainty or insufficiency of income. The cure of business depression is through purchasing power, and the source of purchasing power is wages.