Causes Quote by Nathaniel Branden

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

— Ludwig von Mises

All depressions are caused by government interference and the cure is always offered to take more of the poison that caused the disaster. Depressions…

— Ayn Rand

I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of…

— Milton Friedman

There seem to be many causes of depression. One cause is profound loss, grief. Economic hardship we know is linked to depression. We don't…

— Irving Kirsch

The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds…

— Ben Bernanke

I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a…

— Milton Friedman

“I decide to scope out craigslist to see all the vibrant economic employment opportunities available to me in this depression. Oh, I’m sorry, I…

— Jarod Kintz

The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the…

— Ludwig von Mises

The periods of unemployment accompanying depression in the business cycle . . . present a challenge to all our claims to progress, humanity, and civilization.

— Samuel Gompers

Declines in specific industries can never ignite a general depression. Shifts in data will cause increases in activity in one field, declines in another.

— Murray Rothbard

“The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned…

— Lucy Moore

“THE "depression" was a blessing in disguise. It reduced the whole world to a new starting point that gives every one a new opportunity.”

— Napoleon Hill