--- title: "Meaning & Key Takeaway of: Lunchroom economic conversations are…" description: "\"Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles..." image: "https://sms4smile.com/quotes/i/ff1/kevin-hassett-22314_communication_lunchroom-economic-conversations-are-ine_1172078.jpg" --- # Lunchroom economic conversations are inevitably graced… ![“Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years.” quote by Kevin Hassett](https://sms4smile.com/quotes/i/ff1/kevin-hassett-22314_communication_lunchroom-economic-conversations-are-ine_1172078.jpg) [Download](https://sms4smile.com/quotes/i/ff1/kevin-hassett-22314_communication_lunchroom-economic-conversations-are-ine_1172078.jpg) [Open image](https://sms4smile.com/quotes/i/ff1/kevin-hassett-22314_communication_lunchroom-economic-conversations-are-ine_1172078.jpg) > “Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years.” [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Recessions have consistent effects; personal anecdotes often exaggerate past hardships. **In simple terms:** Economic cycles stay similar over time. Key Takeaway Recognize patterns, not myths. Themes economics recession historical perspective anecdotes Mood critical reflective Type analytical informative When to use this quote - policy planning - financial forecasting - personal budgeting - media reporting Key Concepts business cycles inflation employment trends public perception Questions to Reflect On - What evidence shows recessions are unchanged? - How do narratives shape economic policy? A Different Perspective Personal stories can mislead about systemic causes. ★ ★ ★ ★ ★ No ratings yet [Communication](https://sms4smile.com/quotes/about/communication/) [Day](https://sms4smile.com/quotes/about/day/) [Nature](https://sms4smile.com/quotes/about/nature/) [Recession](https://sms4smile.com/quotes/about/recession/) [Recessions](https://sms4smile.com/quotes/about/recessions/) [Snow](https://sms4smile.com/quotes/about/snow/) ## Related quotes > [At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But…](https://sms4smile.com/quotes/george-soros/at-times-of-recession-running-a-budget-deficit-is-highly-desirable/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Historically in every recovery, because the president rightly did inherit a recession. But historically, the lagging indicator always deals with employment.](https://sms4smile.com/quotes/sean-hannity/historically-in-every-recovery-because-the-president-rightly-did/) [Sean Hannity](https://sms4smile.com/quotes/author/sean-hannity/) > [In this time of recession, it is the time for invention. Did you know both the telephone and the automobile were invented during recessions?…](https://sms4smile.com/quotes/eugene-mirman/in-this-time-of-recession-it-is-the-time-for-invention-did-you-know/) [Eugene Mirman](https://sms4smile.com/quotes/author/eugene-mirman/) > [I was asked what I thought about the recession. I thought about it and decided not to take part.](https://sms4smile.com/quotes/sam-walton/i-was-asked-what-i-thought-about-the-recession-i-thought-about-it-and/) [Sam Walton](https://sms4smile.com/quotes/author/sam-walton/) > [You don't run a business hoping you don't have a recession.](https://sms4smile.com/quotes/jamie-dimon/you-don-t-run-a-business-hoping-you-don-t-have-a-recession/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Like other presidents before him, Barack Obama inherited a recession. But unlike them, he has made it worse, not better.](https://sms4smile.com/quotes/mitt-romney/like-other-presidents-before-him-barack-obama-inherited-a-recession/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [In a recession, you must be able to call into question everything you've done before.](https://sms4smile.com/quotes/francois-henri-pinault/in-a-recession-you-must-be-able-to-call-into-question-everything-you/) [Francois-Henri Pinault](https://sms4smile.com/quotes/author/francois-henri-pinault/) > [A recession is when you have to tighten your belt; depression is when you have no belt to tighten. When you've lost your trousers…](https://sms4smile.com/quotes/adam-thomson/a-recession-is-when-you-have-to-tighten-your-belt-depression-is-when/) Adam Thomson > [When George Bush finally leaves the White House, the satire industry will briefly join the rest of the economy in recession. It will certainly…](https://sms4smile.com/quotes/rory-bremner/when-george-bush-finally-leaves-the-white-house-the-satire-industry/) [Rory Bremner](https://sms4smile.com/quotes/author/rory-bremner/) > [A recession is when your neighbour has to tighten his belt. A depression is when you have to tighten your own belt. And a…](https://sms4smile.com/quotes/tommy-douglas/a-recession-is-when-your-neighbour-has-to-tighten-his-belt-a/) [Tommy Douglas](https://sms4smile.com/quotes/author/tommy-douglas/) > [I realized that the artists who managed to fight through this recession have a better shot at longevity than most. The recession was a…](https://sms4smile.com/quotes/mark-edward/i-realized-that-the-artists-who-managed-to-fight-through-this/) [Mark Edward](https://sms4smile.com/quotes/author/mark-edward/) > [We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20…](https://sms4smile.com/quotes/warren-buffett/we-ve-been-in-a-recession-by-any-common-sense-definition-because-if/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [There is only a recession of the things that people don't want.](https://sms4smile.com/quotes/mark-victor-hansen/there-is-only-a-recession-of-the-things-that-people-don-t-want/) [Mark Victor Hansen](https://sms4smile.com/quotes/author/mark-victor-hansen/) ## More by Kevin Hassett > [When a totally offensive tax hits a few million people, Washington is prepared to look the other way. But when everyone is harmed, self…](https://sms4smile.com/quotes/kevin-hassett/when-a-totally-offensive-tax-hits-a-few-million-people-washington-is/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [I think that one of the things that we have to recognize is that the longer somebody doesn't have a job, the harder it…](https://sms4smile.com/quotes/kevin-hassett/i-think-that-one-of-the-things-that-we-have-to-recognize-is-that-the/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [There are folks who we have a moral responsibility to help, who are going to cost the taxpayers lots of money in the future,…](https://sms4smile.com/quotes/kevin-hassett/there-are-folks-who-we-have-a-moral-responsibility-to-help-who-are/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [The most real characters in a great play are those who are so meticulously drawn that the audience could predict how many pairs of…](https://sms4smile.com/quotes/kevin-hassett/the-most-real-characters-in-a-great-play-are-those-who-are-so/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [Socialized medicine allows a nation to exclude a U.S. product from its market if the U.S. firm does not make generous enough price concessions.…](https://sms4smile.com/quotes/kevin-hassett/socialized-medicine-allows-a-nation-to-exclude-a-u-s-product-from-its/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [Today we hear that the gains from economic growth accrue to the highest-income earners while the standard of living of the poor and middle…](https://sms4smile.com/quotes/kevin-hassett/today-we-hear-that-the-gains-from-economic-growth-accrue-to-the/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.](https://sms4smile.com/quotes/kevin-hassett/the-term-business-cycle-is-imprecise-economic-fluctuations-affect/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for…](https://sms4smile.com/quotes/kevin-hassett/liberalized-trade-in-broadly-multilateral-regional-or-bilateral/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [I prefer to listen to people who change their mind now and then.](https://sms4smile.com/quotes/kevin-hassett/i-prefer-to-listen-to-people-who-change-their-mind-now-and-then/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [I am actually an open borders kind of guy.](https://sms4smile.com/quotes/kevin-hassett/i-am-actually-an-open-borders-kind-of-guy/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [For an American, as mad you may be about whatever the EPA or the IRS does, just imagine if you only had a one…](https://sms4smile.com/quotes/kevin-hassett/for-an-american-as-mad-you-may-be-about-whatever-the-epa-or-the-irs/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [Historically, figuring out what to do to the tax code has been almost as contentious a political issue as judicial appointments.](https://sms4smile.com/quotes/kevin-hassett/historically-figuring-out-what-to-do-to-the-tax-code-has-been-almost/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [The fact is that any carbon legislation is designed to make us not use coal. So if you're a state that has a lot…](https://sms4smile.com/quotes/kevin-hassett/the-fact-is-that-any-carbon-legislation-is-designed-to-make-us-not/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [The problem is that there is no reliable source of information left, no way to accumulate trusted accounts of the plusses and minuses of…](https://sms4smile.com/quotes/kevin-hassett/the-problem-is-that-there-is-no-reliable-source-of-information-left/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) > [Economists have the same occupational hazard as baseball managers and football coaches: Every person on the street knows their job better than they do.](https://sms4smile.com/quotes/kevin-hassett/economists-have-the-same-occupational-hazard-as-baseball-managers-and/) [Kevin Hassett](https://sms4smile.com/quotes/author/kevin-hassett/) [Explore all 27 Kevin Hassett quotes ](https://sms4smile.com/quotes/author/kevin-hassett/) ## More Communication quotes > [Some people still believe you should just fall in line with what's going on - and that's scary. 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The bad poet harangues at the…](https://sms4smile.com/quotes/samuel-r-delany/a-poet-is-wounded-into-speech-and-he-examines-these-wounds/) [Samuel R. Delany](https://sms4smile.com/quotes/author/samuel-r-delany/) > [“To engage in dialogue is to serve others via whatever is real inside you; to engage in debate is to ultimately serve the illusions…](https://sms4smile.com/quotes/oli-anderson/to-engage-in-dialogue-is-to-serve-others-via-whatever-is-real-inside/) [Oli Anderson](https://sms4smile.com/quotes/author/oli-anderson/) > [What it comes down to for me is this: Will the technologies of communication in our culture, serve to enlighten us and help us…](https://sms4smile.com/quotes/roger-waters/what-it-comes-down-to-for-me-is-this-will-the-technologies-of/) [Roger Waters](https://sms4smile.com/quotes/author/roger-waters/) > [In dialogue, there is opposition, yes, but no head-on collision. Smashing heads does not open minds.](https://sms4smile.com/quotes/deborah-tannen/in-dialogue-there-is-opposition-yes-but-no-head-on-collision-smashing/) [Deborah Tannen](https://sms4smile.com/quotes/author/deborah-tannen/) > [A dialogue is very important. It is a form of communication in which question and answer continue till a question is left without an…](https://sms4smile.com/quotes/jiddu-krishnamurti/a-dialogue-is-very-important-it-is-a-form-of-communication-in-which/) [Jiddu Krishnamurti](https://sms4smile.com/quotes/author/jiddu-krishnamurti/) > [I get afraid of the dark if I'm in a great deal of dark, and I have to move around inside of that fear...…](https://sms4smile.com/quotes/emil-ferris/i-get-afraid-of-the-dark-if-i-m-in-a-great-deal-of-dark-and-i-have-to/) [Emil Ferris](https://sms4smile.com/quotes/author/emil-ferris/) > [I've been in a serious conversation with one of my children, and a fan has come up. 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