Financial Crises Quotes

#1. 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.

Bob Frank

#2. Financial crises are an unfortunate but necessary consequence of modern capitalism.

Andrew Lo

#3. At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

John Buchanan Robinson

#4. Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.

Anna Lindh

#5. The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book.

John H. Makin

#6. Fiscal crises often turn into financial crises, dealing a blow to the real economy.

Lee Myung-bak

#7. From the beginning of time, we've had financial crises. People always blame the banks and for good reason. When you look for the root causes, they're almost always failed government policies.

Henry Paulson

#8. There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

Timothy Geithner

#9. There are no atheists in foxholes and there are no libertarians in financial crises.

Paul Krugman

#10. Compared to developed countries, or even to some major emerging countries, burdened by aging populations, financial crises, widening budget deficits, faltering faith in politics and growing social demands, Africa has become the world's last 'New Frontier:' a kind of 'it-continent.'

Mo Ibrahim

#11. If you thought financial crises came and went, just count on them - another economic collapse, it's almost going to be like not news any more. But for startups this is great, because it's a perpetual driver of disruption.

Steve Jurvetson

#12. Financial crises are like fireworks: they illuminate the sky even as they go pop.

James Buchan

#13. Financial crises are not natural disasters. They are man-made disasters.

Ziad K. Abdelnour

#14. Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.

Jeremy Grantham

#15. In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Timothy Geithner

#16. The husbandman deals with land; physicians and trainers with the body; the wise man with his own Mind.

Epictetus

#17. The purpose of this pamphlet is to explain how local currencies work. Alone they cannot solve all the multiple financial, social and environmental crises we face, but they are an increasingly important part of the answer.

John Rogers

#18. We shelter an angel within us. We must be the guardians of that angel.

Jean Cocteau

#19. Money is a public good; as such, it lends itself to private exploitation.

Charles P. Kindleberger

#20. I live on a one-way street that's also a dead end. I'm not sure how I got there.

Steven Wright

#21. The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

Ben Bernanke

#22. Ours is the age which is proud of machines that think and suspicious of men who try to.

Howard Mumford Jones

#23. Often I am asked if there is any such thing as a female serial killer.

Pat Brown

#24. On the day when a young writer corrects his first proof-sheet he is as proud as a schoolboy who has just got his first dose of pox.

Charles Baudelaire

#25. The easiest way to Grow, is to let Go. Knowing, that someone else is managing the show!-RVM

R.v.m.

#26. We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

Lawrence Summers

#27. Those whose work and pleasure are one ... are ... Fortune's favoured children.

Winston S. Churchill

#28. The job of the financial journalist was to examine the sharks who created interest crises and speculated away the savings of small investors, to scrutinize company boards with the same merciless zeal.

Stieg Larsson

#29. I am often the brunt of my own humor.

Charles R. Swindoll

#30. Capitalism cannot cause a financial crisis because capitalism is about markets constantly correcting errors. It is government intervention that can and often does cause crises,

John Tamny

#31. The holy scriptures contain no proclamation more relevant, no responsibility more binding, no instruction more direct than the injunction given by the resurrected Lord as He appeared in Galilee to the eleven disciples.

Thomas S. Monson

#32. Here's how I look at it: Life is full of challenges. Everybody has them. For some, it's health or family crises. I had a financial challenge.

Tamara Tunie