Crisis Quote by Bob Frank
“Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.”
About This Quote
Source Lecture: Economic Crises and Demand Shortages, 2015
Severe financial crises cause lasting demand gaps that persist over time.
In simple terms: Crises create long‑term demand shortages.
Key Takeaway
Plan for demand recovery after crises.
Themes
economics
crisis
demand
Mood
analytical
pragmatic
Type
economic
policy
When to use this quote
- business planning
- government stimulus
- investment strategies
Key Concepts
macroeconomics
recovery
policy
inflation
Questions to Reflect On
- How can policymakers accelerate demand rebound?
- What sectors recover fastest after a crisis?
A Different Perspective
Demand may stay low despite stimulus.
