We have the worst revival of an economy since the Great Depression. And believe me: We're in a bubble right now.
Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt. . . all just to make some easy money quick.
When I hear [about a housing bubble] I get the sense that people aren't connecting the dots.
American labor may now look to the future with confidence.
I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.
. . . housing activity will remain healthy for some time to come.
What the market is doing is going through a correction, which it really needed. It's getting down to where it's reasonable.
I think that when the education system started to be dismantled during the first Great Depression in the 1930s, we didn't recover from that.
Ladies and gentlemen, the Reagan tax cuts turned the deepest recession since the Great Depression into the largest 20-year economic boom in American history. The Reagan tax cuts of 1981 and '86. And the same thing can happen here again. Democrats just cannot let it.
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.
How much would you pay to avoid a second Depression?
The Federal Reserve the privately owned U. S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.
The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.
The worst is over without a doubt.
I promised to bring change to Washington. The underlying reason for the economic mess we're in has been building for years. It's a fundamental imbalance in which the top 1 percent now gets almost a quarter of all national income. We haven't seen income and wealth this concentrated since the late nineteen twenties, and we all know what happened then - the Great Depression. We'll never really get out of the gravitational pull of the Great Recession until we fix this basic problem.
Well, I never lived through the Great Depression, sometimes I feel as though I did.
Everything I learned about the Great Depression was from a college textbook.
We have had a great depression in agriculture, caused mainly by several seasons of bad harvests, and some of our traders have suffered much from a too rapid extension in prosperous years.
Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.
