--- title: "Meaning & Key Takeaway of: A financial panic is a very bad thing…" description: "\"A financial panic is a very bad thing, but a government panic can do far greater damage in a far shorter time.\" — Tom McClintock" image: "https://sms4smile.com/quotes/i/58f/tom-mcclintock-46041_anxiety_a-financial-panic-is-a-very-bad-thing-bu_2698941.png" --- # A financial panic is a very bad thing, but a government… ![“A financial panic is a very bad thing, but a government panic can do far greater damage in a far shorter time.” quote by Tom McClintock](https://sms4smile.com/quotes/i/58f/tom-mcclintock-46041_anxiety_a-financial-panic-is-a-very-bad-thing-bu_2698941.png) [Download](https://sms4smile.com/quotes/i/58f/tom-mcclintock-46041_anxiety_a-financial-panic-is-a-very-bad-thing-bu_2698941.png) [Open image](https://sms4smile.com/quotes/i/58f/tom-mcclintock-46041_anxiety_a-financial-panic-is-a-very-bad-thing-bu_2698941.png) > “A financial panic is a very bad thing, but a government panic can do far greater damage in a far shorter time.” [Tom McClintock](https://sms4smile.com/quotes/author/tom-mcclintock/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Warns that government‑induced panic can cause rapid, severe damage, worse than financial panic. **In simple terms:** Government panic can cause rapid severe damage. Key Takeaway Guard against governmental panic. Themes politics risk panic Mood cautious critical Type political economic When to use this quote - financial markets - political crises - public health emergencies - media coverage Key Concepts economics public policy Questions to Reflect On - How can societies mitigate government panic? - What safeguards exist against rapid policy shocks? A Different Perspective Governments may act to protect stability. ★ ★ ★ ★ ★ No ratings yet [Anxiety](https://sms4smile.com/quotes/about/anxiety/) [Bad thing](https://sms4smile.com/quotes/about/bad-thing/) [Bad things](https://sms4smile.com/quotes/about/bad-things/) [Can do](https://sms4smile.com/quotes/about/can-do/) [Damage](https://sms4smile.com/quotes/about/damage/) [Financial](https://sms4smile.com/quotes/about/financial/) [Financial Panic](https://sms4smile.com/quotes/about/financial-panic-2718252/) [Government](https://sms4smile.com/quotes/about/government/) [Government Panic](https://sms4smile.com/quotes/about/government-panic-2718253/) [Greater](https://sms4smile.com/quotes/about/greater/) [Money](https://sms4smile.com/quotes/about/money/) [Panic](https://sms4smile.com/quotes/about/panic/) [Panic Bad](https://sms4smile.com/quotes/about/panic-bad-2422885/) [Panic Far](https://sms4smile.com/quotes/about/panic-far-2718254/) [Politics](https://sms4smile.com/quotes/about/politics/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [In a financial crisis, only the Fed, as the lender of last resort, might stand between our economy and financial catastrophe. 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