Economic Boom Quotes

New York never felt the recession. New York never felt a depression.

During the 1990s, San Francisco lived through one of the most intense economic booms of its history.

1900 was a bit of mixed bag, it seems to me, on the one hand, because this is the year when this country becomes the premiere producer of manufactured goods. Clearly, a lot of people were making a lot of money, but it's also a time that reflects the savaging of one of the deepest depressions.

We have depressions about every 10-20 years—just long enough for the current generation to forget the last depression.

My best year I made $25,000. Of course, that was back in the '70s.

As the greatest and last major crisis before 1836, the panic of 1819 holds considerable interest for the study of business cycles and for the present day. It was an economy in transition, as it were, to a state where business cycles as we know them would develop.

There was a time in the mid-'50s when the Philippines was in the same league as Japan economically and academics-wise.

The surpluses of the [19]90s were the result of a growing economy. They were not the result of government policy.

The boom, not the slump, is the right time for austerity at the Treasury.

In the '80s, everything became too serious.

Chicago is the Great American City, and it was really great to live there during a time of economic expansion and opportunity and growth. I felt like I was living at the center of the world. Unlike New York, no one expects you to be a professional writer.

I can't imagine there has ever been a more gratifying time or place to be alive than America in the 1950s. No country had ever known such prosperity.

When times were good, we made more money. When times are bad, we make less money.

During the Great Depression, levels of crime actually dropped. During the 1920s, when life was free and easy, so was crime. During the 1930s, when the entire American economy fell into a government-owned alligator moat, crime was nearly non-existent. During the 1950s and 1960s, when the economy was excellent, crime rose again.

I grew up in the 1920s and 1930s in a nouveau riche world, where money was spent wildly, and I'm still living in one!... The private schools are all jammed with long waiting lists; the clubs -- all the old clubs -- are jammed with long waiting lists today; the harbors are clogged with yachts; there has never been a more material society than the one we live in today.... Where is this 'vanished world' they talk about? I don't think the critics have looked out the window!

The Roaring Twenties were the period of that Great American Prosperity which was built on shaky foundations.

You can't discuss Macau in any logical conversation. It will distort any reality.

There are so many colorful characters in Florida. There's a lot of money, development - not all of it good - and corruption.

Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.

Very few of the heroes of the Golden Age of American finance had much interest in the solid realities of what underlay their structure of stocks and bonds and credits .

Park City is developing itself, almost to death.

As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise.

You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.

In the 1950s and 1960s, an explosion of great corporate jobs, together with a restricted supply of labor, produced healthy wage growth.

America was in full swing now, all the papers said so, and people were rushing forward, leaving behind the horrors of war. She understood the reasons, but they were rushing, like Lon, toward long hours and profits, neglecting the things that brought beauty to the world.