The Great Depression like most
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
– Milton Friedman
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- The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes. – Milton Friedman
- In a very weak economy, when you say ‘cut government spending,’ what you mean is you’re laying off school teachers and you’re de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don’t pay taxes. – Fareed Zakaria
- I think most people believe success in government is how many fewer people are in government, not because you kick them off of benefits like unemployment but they’ve been able to control their own destiny because private sector employers have created more jobs. – Scott Walker
- The 24% unemployment reached at the depths of the Great Depression was no picnic. – Barry Eichengreen
- Our Generation has had no Great war, no Great Depression. Our war is spiritual. Our depression is our lives. – Chuck Palahniuk
- Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don’t care whose fault it is, it’s the truth. – John Mellencamp
- More people on unemployment benefits is not success in America, fewer people on not because we kicked them off but because they have been able to get a job in the private sector, because government got out of the way. – Scott Walker
- More People On Unemployment Benefits Is Not Success In America, Fewer People On Not Because We Kicked Them Off But Because They Have Been Able To Get a Job In The Private Sector, Because Government Got Out Of The Way. – Scott Walker
- This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression. – Barry Eichengreen
- Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen’s compensation, health care benefits, welfare, you name it. – Meg Whitman