Crash Quotes - page 3
Life passes, with us all, a day at a time; so it passed with our friend Tom, till two years were gone. Though parted from all his soul held dear, and though often yearning for what lay beyond, still was he never positively and consciously miserable; for, so well is the harp of human feeling strung, that nothing but a crash that breaks every string can wholly mar its harmony; and, on looking back to seasons which in review appear to us as those of deprivation and trial, we can remember that each hour, as it glided, brought its diversions and alleviations, so that, though not happy wholly, we were not, either, wholly miserable.
Harriet Beecher Stowe
Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.
George Will
"Duty, Honor, Country" - those three hallowed words reverently dictate what you ought to be, what you can be, what you will be. They are your rallying point to build courage when courage seems to fail, to regain faith when there seems to be little cause for faith, to create hope when hope becomes forlorn... In my dreams I hear again the crash of guns, the rattle of musketry, the strange, mournful mutter of the battlefield. But in the evening of my memory always I come back to West Point. Always there echoes and re-echoes: Duty, Honor, Country. Today marks my final roll call with you. But I want you to know that when I cross the river, my last conscious thoughts will be of the Corps, and the Corps, and the Corps. I bid you farewell.
Douglas MacArthur
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 Krugman
I don't believe we're in for a crash now. It's much more likely that government will just conceal the continuation of inflation by price controls. But if anything is worse than an open inflation, it's a repressed inflation. What you're likely to get is not a violent deflation but increasing stagnation of productivity.
Friedrich Hayek
There is no doubt, and in this I agree with Milton Friedman, that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy. I am not only against inflation but I am also against deflation! So, once again, a badly programmed monetary policy prolonged the depression! So, once again, a badly programmed monetary policy prolonged the depression. One consequence of this policy was, of course, the fact that confidence was destroyed.
Friedrich Hayek
The 20th century has been a badly written drama, from the beginning. The opposite of a Greek drama. Act one: Greed and hypocrisy leading to a genocidal world war, a boom, a crash, totalitarianism. Act two: Greed and hypocrisy leading to a genocidal world war, a boom, a crash, totalitarianism. Act three: Greed and hypocrisy ... I don't dare continue.
Leonard Bernstein
Ron Paul: ...you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don't have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn't write any cheques for which they don't have in their account any money?
Ron Paul: That's right. And that is the key to it. Because when the Fed comes along, and there's starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.
Ron Paul
"What are you trying to do, Kerouac?" I'd ask myself in my sleepingbag at night, "trying to deny reality with all this Buddha stuff, ya jerk?" ... "Poor detailed immaculate incarnate fool, and you call yourself Self ... Take off your coat and crash wits." And I realized that all this Buddhism was a STRAIN at telling the untellable emptiness yet that nothing was truer, a perfect paradox.
Jack Kerouac
My being Jewish does not inform the things I do, necessarily. 'Exodus' is a wonderful piece, no matter what religion you are. 'The Shiva Club,' which is a movie I am attempting to make sometime soon, is about crashing a shiva, if you will. A couple of comics crash a shiva. I could have, I suppose, made it an Irish wake, but the shiva I was more familiar with.
William Shatner