For those unfortunate enough to experience it, long-term…

Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment…

— Ben Bernanke

Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

— Janet Yellen

Being out of a job can erode people's confidence and their sense of possibility; and employers, often unfairly, tend to take long-term unemployment as…

— James Surowiecki

Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated…

— Barry Eichengreen

Policy makers should be compelled to take action given the serious costs of long-term unemployment when overall unemployment is already high. A week of…

— Janet Yellen

If you look at the geographic variation in long-term unemployment, it's really striking. There are pockets where employers don't want to go, but for…

— Kevin Hassett

If you've got unemployment, low pay, that was just too bad. But that was the system. That was the sort of economy and philosophy…

— Barbara Castle

The alternatives [to the stimulus packages] were to do nothing or, worse, effectively replicate the Premiers' Plan of 1931 when governments cut expenditure, thereby…

— Kevin Rudd

The 1930s had been a time of tremendous economic distress. And the unemployment rate was enormously high by any historic standard.

— William O'Neill

Until the 1930s, the Constitution served as a major constraint on federal economic interventionism. The government's powers were understood to be just as the…

— Robert Higgs

In the 1930s one was aware of two great evils - mass unemployment and the threat of war.

— James Meade

As a result of the efforts of Hayek .. and the many others who share his general outlook, the idea of a centrally planned…

— Irving Kristol

It reminds me in some ways of the debate taking place in this country and around the world in the late 1930s. There were…

— Bernie Sanders

My grandmother was a minister as well, which was not that common in the 1930s.

— Colin Firth

Physicist Isador Isaac Rabi, who won a Nobel Prize for inventing a technique that permitted scientists to probe the structure of atoms and molecules…

— Richard Saul Wurman