Bubble Economy Quotes

Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous.

The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, 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.

We do not live in an economy, we live in a Ponzi scheme.

A new bubble will replace the old one. A new technology will come along to fix the messes we made with the last one. In a way, that is the story of the settling of the Americas, the supposedly inexhaustible frontier to which Europeans escaped.

The stock market is overpriced. Everything is overpriced. Junk is king.

I believe the only things that really matter in investing are the bubbles and the busts

Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger.

All the risky things that were happening back in ’06 and ‘07 are back again to the same level, if not more. So we are in the beginning of a credit bubble, but just the beginning.

We are in a big, fat, ugly bubble. And we better be awfully careful.

Yellen’s comments suggest, and I agree, that we are in an asset bubble.

Investors are impatient and they are also desperate for the 'next big thing,' and they are not paying attention to the fact that the 'next big thing' can be an economic crisis that they have created by being very irresponsible with their power.

Double, treble, quadruple bubble, watch the stock market get into trouble.

We've suffered a 'Ponzification' of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time.

I was very bearish on natural gas for many years, pretty much from 2006 on. There was a tremendous natural gas bubble in the United States.

Bubbles are created when something positive is happening. People get over-enthusiastic about it and take the tide higher than it should go. The reality is bubbles are required to create an industry.

There's never been a good period of venture capital when prices weren't high.

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

Everyone would like the world always to be in bubble times. But that doesn't happen.

You have a real asset-price bubble in places like parts of California and the suburbs of Washington, D.C.

Bubbles are always new; you just can't find an old bubble.

Whatever you do needs to be sustainable over time, and taking the money in the short term and taking it in a bubble - like buying an Internet stock in 2000 - may not be sustainable.

What I like to say when you get into something that feels like a bubble or, at least, feels irrational is that you still want to build a company that has a strong discipline, business-building culture.

What most entrepreneurs don't understand is that it isn't the economy that bursts a bubble, but investor psychology.

The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.