Economic depression Quote by Vladimir Alexandrov

The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern,…

— Murray Rothbard

“Because in America there is a naive belief that we are all rugged individuals and can make it on our own, stock market and…

— Captain Hank Bracker, "Seawater One

A study of the panics of 1873, 1893, and 1907 indicates that these panics were the result of the international bankers' operations in London.

— Eustace Mullins

As the greatest and last major crisis before 1836, the panic of 1819 holds considerable interest for the study of business cycles and for…

— Murray Rothbard

“The accepted version of history is that the Federal Reserve was created to stabilize our economy. One of the most widely-used textbooks on this…

— G. Edward Griffin

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.

— Paul Krugman

“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, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931…

— Milton Friedman

The stock market crashed in October 1929. But that was not the cause of what caused the Great Depression. It was, in my opinion,…

— Milton Friedman

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies…

— Christina Romer

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

We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't…

— Lloyd Blankfein