Budget Quote by Murray Rothbard

When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.

— Paul Krugman

What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have…

— Paul Krugman

“an absurdly parsimonious monetary policy helped bring about the Great Depression.”

— Charles River Editors

At best, in such depression times, monetary policy is a feeble reed on which to lean.

— John Kenneth Galbraith

Depression is the aftermath of credit expansion.

— Ludwig von Mises

To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because…

— Friedrich August von Hayek

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

— Friedrich August von Hayek

THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible…

— Benjamin Graham

One truism of federal budgeting is that growing deficits force difficult spending decisions, and when they do, programs to help the poor are usually…

— Brian Deese

Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down…

— John James Cowperthwaite

Economist Frederick Thayer has studied the history of our balanced-budget crusades and has come up with some depressing statistics. We have had six major…

— Molly Ivins

To the deficit commission, a depression is the solution to the problem, not a problem.

— Michael Hudson