1930s Quote by Robert P. Murphy

We did not do a good enough job of taking care of the people who were losing their careers and retraining them into the…

— John Hickenlooper

In the past, whole industries were allowed to decline or disappear. Whole communities were thrown on the scrapheap with no alternative employment on offer.…

— Rachel Reeves

“But the deepest problem was the intervention, the lack of faith in the marketplace. Government management of the late 1920s and 1930s hurt the…

— Amity Shlaes

It took capitalism half a century to come back from the Great Depression.

— Ben Shapiro

When the 1929 crash wiped out disposable income, there were not enough consumers to fuel a recovery.

— Heather Cox Richardson

“In the late 1970s, growth in Western economies began to slow down and returns on capital began to decline. Governments came under pressure to…

— Jason Hickel

Privatization came on slowly. When something very big happens, like privatization, historians and economists like to think you must have had very big causes.…

— Kenneth Baker

“Yet just eighty years ago it still seemed an impossible mission when U.S. President Herbert Hoover was tasked with beating back the Great Depression…

— Rutger Bregman

Between 1857 and 1929, while regulators largely stood idle, the American economy swung through 19 national boom-and-bust gyrations that sometimes threatened to wipe out…

— Charles Duhigg

Did not shy away from centralized intervention in the economy where he though it necessary

— Denis Mack-Smith

In that, we agreed with Andrew Carnegie, who said that huge fortunes that flow in large part from society should in large part be…

— Warren Buffett

The human capital of most macroeconomists, heavily invested in demand management, was wiped out by the policy failures of the 1970s.

— Paul Craig Roberts