Discipline Quote by Gordon Brown

Monetary policy causes booms and busts.

— Edward C. Prescott

Throughout history, the only way of restoring stability is to write down the debts. That is treated now as if it's something that can't…

— Michael Hudson

Macroeconomic stability will be more elusive and that will affect all of our lives: from the risks many will face in childhood, to the…

— Alan M. Taylor

People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time…

— Michael Hudson

“This crisis didn’t have to happen. America had a boom-and-bust cycle from the 1790s to the 1930s, with a financial panic every ten to…

— Elizabeth Warren

Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently…

— Ludwig von Mises

The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other…

— Carmen Reinhart

Until you separate the speculative behaviour of the financial sector from the real economy and the financing of the real economy, then we are…

— Sharan Burrow

I've always thought stability was suffocating and deadly. Like, when I read that the kids I went to law school with have stayed at…

— Glenn Greenwald

“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.”

— Peter Schiff

The incredible stability in inflation is really a novel human experience. And the inflation is being the result of money.

— Russ Roberts

A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way…

— John Kenneth Galbraith