Economic Crash Quotes

We need financial regulation that allows businesses and the banks they use to have access to the tools that help keep prices of consumer goods - like groceries and home heating oil - steady, while ensuring that the taxpayers are never again on the hook for the types of wild bets that helped crash the economy in 2008.

I was involved with a sports car called Cizeta-Moroder, which was the first 16-cylinder car, beautiful. I think we sold about eight cars, and then in '92 the economic crash came, and we had to close the shop.

I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules.

Why would you hand the keys to the car back to the same guys whose policies drove the economy into the ditch and then walked away from the scene of the accident?

At the peak of the so-called great success of neoliberal economics, in 2007, right before the crash, non-supervisory workers were at wages considerably lower than in 1979, when the neoliberal assault was taking off. That perfectly naturally causes resentment and fear, and combines with a tendency to blame the most vulnerable.

Even if the economy crashes, we will still burn oil.

The '20s ended in an era of extravagance, sort of like the one we're in now. There was a big crash, but then the country picked itself up again, and we had some great years. Those were the days when American believed in itself. I was happy and proud to be painting it.

Since the crash of 2008 and during the neoliberal retrenchment known as austerity, many commentators have muttered that the left is dead, watching social democrats in their timidity lose elections and respond by becoming ever more timid and neoliberal. They deserve their defeats.

THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible for the ensuing crash and depression.

We must learn the lessons of the 2008 crash: no company should be able to become too big to fail.

Iceland is capitalist social democratic, rather like the Nordic countries generally. The capital had a mayor who is an anarchist, but the city has been nothing like that. In fact a few years ago it was super-neoliberal, which led to the crash.

This crash is not going to have much effect on business.

Republicans controlled the federal government for decades after the Civil War, and their policies funneled wealth upward -- with dire consequences. In 1893, the economy crashed, and too few Americans had enough purchasing power to revive it. Lincoln had been right: Government that served the wealthy would ruin the country.