The best you can say about economic policy in this slump is that we have for the most part avoided a full repeat of the Great Depression. I say "for the most part” because we actually are seeing a Depression-level slump in Greece, and very bad slumps elsewhere in the European periphery. Still, the overall downturn hasn't been a full 1930s replay. But all of that, I think, can be attributed to the financial rescue of 2008-2009 and automatic stabilizers. Deliberate policy to offset the crash in private spending has been largely absent.
Paul KrugmanRelated topics
absent automatic bad best crash depression elsewhere full great greece offset overall periphery seeing slump spending 1930s replay downturnRelated quotes
There are things about organized religion which I resent. Christ is revered as the Prince of Peace, but more blood has been shed in His name than any other figure in history. You show me one step forward in the name of religion and I'll show you a hundred retrogressions. Remember, they were men of God who destroyed the educational treasures at Alexandria, who perpetrated the Inquisition in Spain, who burned the witches at Salem. Over 25,000 organized religions flourish on this planet, but the followers of each think all the others are miserably misguided and probably evil as well.
Frank Sinatra
If someone offends you, don't tell anyone about it except your elder, and you will be peaceful. Bow to everyone, paying no attention whether they respond to your bow or not. You must humble yourself before everyone and consider yourself the worst of all. If we have not committed the sins that others have, perhaps this is because we did not have the opportunity - the situation and circumstances were different. In each person there is something good and something bad; we usually see only the vices in people and we see nothing that is good.
Ambrose
God always was, and always is, and always will be. Or rather, God always Is. For Was and Will be are fragments of our time, and of changeable nature, but He is Eternal Being. And this is the Name that He gives to Himself when giving the Oracle to Moses in the Mount. For in Himself He sums up and contains all Being, having neither beginning in the past nor end in the future; like some great Sea of Being, limitless and unbounded, transcending all conception of time and nature, only adumbrated [intimated] by the mind, and that very dimly and scantily.
Gregory of Nazianzus
Every Christian should find for himself the imperative and incentive to become holy. If you live without struggle and without hope of becoming holy, then you are Christians only in name and not in essence. But without holiness, no one shall see the Lord, that is to say they will not attain eternal blessedness. It is a trustworthy saying that Jesus Christ came into the world to save sinners (I Tim. 1:15). But we deceive ourselves if we think that we are saved while remaining sinners. Christ saves those sinners by giving them the means to become saints.
Philaret Drozdov
I am surprised and disappointed that you have chosen to repeat the figure of £350 million per week, in connection with the amount that might be available for extra public spending when we leave the European Union. This confuses gross and net contributions. It also assumes that payments currently made to the UK by the EU, including for example for the support of agriculture and scientific research, will not be paid by the UK government when we leave. It is a clear misuse of official statistics.
Boris Johnson