Conventional Quote by Paul Krugman

The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a…

— Paul Krugman

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

A depression is a large-scale decline in production and trade...there is nothing in the nature of a free-market economy to cause such an event.

— Nathaniel Branden

“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

To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit…

— Heber J. Grant

If we are to depression-proof our economy we may need to pay more attention to the radical ideas and policies of those who witnessed…

— John McDonnell

It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.

— Henry Ford

I hope we will never again see such a depression. But I am troubled by the huge consumer installment debt which hangs over the…

— Gordon B. Hinckley

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth…

— Ben Bernanke

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

— Charles River Editors

Needless to say, banks and bondholders do not want to promote any arguments explaining the limits to how much can be paid without pushing…

— Michael Hudson

The proper governmental policy in a depression is strict laissez-faire, including stringent budget slashing, and coupled perhaps with positive encouragement for credit contraction.

— Murray Rothbard