Abhijit Banerjee Quotes

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

This economy is on life support.

Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.

Turkey is widely envied while there are very serious troubles in the world economy.

The reality for us in America is that we will never get out of debt with more than 15 million people out of work.

Anytime there's a disruption in the supply chain, any time people cut back on spending, there will be a recession.

Every month that we do not have an economic recovery package 500 million Americans lose their jobs.

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

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.

We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

When the economy is bad, the economy is the only issue.

… a depression is for capitalism like a good, cold douche.

The cozy world we were told would go on forever, where full employment would be guaranteed by a stroke of the Chancellor’s pen, cutting taxes, deficit spending—that cozy world is gone.

When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.

Barack Obama inherited a bankrupt economy, a bankrupt government, and a bankrupt foreign policy.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.

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?

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

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

So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you're dealt?

Too many Americans are out of work, and our debt is out of control.

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