You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.
more Rahm Emmanuel quotes
To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.
more Friedrich August von Hayek quotes
Statists relish "crises" because they can be used to force more controls into our lives.
more William P. Hoar quotes
Crisis is the rallying cry of the tyrant.
more James Madison quotes
As a rule, panics do not destroy capital; they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works.
more John Mills quotes
Our system is changing and [Congress] is the one branch that must act if we are to reverse those changes. We are seeing the emergence of a different model of government, a model long-ago rejected by the framers. ... A dominant presidency has occurred with very little congressional opposition. Indeed, when President Obama pledged to circumvent Congress, he received rapturous applause from the very body that he was proposing to make practically irrelevant. Now many members are contesting the right of this institution to even be heard in federal court. ... This body is moving from self-loathing to self-destruction in a system that is in crisis. The president's pledge to effectively govern alone is alarming, and what is most alarming is his ability to fulfill that pledge. When a president can govern alone, he can become a government unto himself, which is precisely the danger the framers sought to avoid.
more Jonathan Turley quotes
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved.
more Ludwig von Mises quotes
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