A Quote by Austan Goolsbee
If you look at the Greek economic record, it's been very similar to the U.S. experience in the first four years of the Great Depression. And after having a Depression-sized event, they've cut the unit-labor cost in Greece - they've closed something like half the gap with Germany.
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The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern, the panic heightened interest in economic problems, and particularly those problems related to the causes and cures of depressed conditions.
Well, you know, there's depression and depression. What I mean by depression in my own case is that depression isn't just the blues. It's not just like I have a hangover in the weekend ... the girl didn't show up or something like that. It isn't that. It's not really depression, it's a kind of mental violence which stops you from functioning properly from one moment to the next. You lose something somewhere and suddenly you're gripped by a kind of angst of the heart and of the spirit.
Depression must be avoided, no matter what the cost. Depression is lying on the Edwardian couch for six months, too tired to unlace your shoes. Depression is awakening each morning feeling as if someone near and dear and closely related died the night before. Bad news. Don't tempt depression.
You have a class of young strong men and women, and they want to give their lives to something. Advertising has these people chasing cars and clothes they don't need. Generations have been working in jobs they hate, just so they can buy what they don't really need. We don't have a great war in our generation, or a great depression, but we do, we have a great war of the spirit. We have a great revolution against the culture. The great depression is our lives. We have a spiritual depression.
We should recall that during the Second World War and the Great Depression there was an upsurge in popular, radical democracy. In all over the world. It took different forms, but it was there, everywhere. In Greece it was in the Greek revolution, and so on. And it had to be crushed. In countries like Greece, it was crushed by violence. In countries like Italy, where the US forces entered in 1943, it was crushed by attacking and destroying the anti-German partisans and restoring the traditional order.
If you look at what happened, I came in the middle of the worst financial crisis since the Great Depression. And unlike Franklin Delano Roosevelt who waited, well, didn't take office until about three years into the Great Depression, it was happening just as I was elected.
The little depression I experienced during my manic-depression was not like depression as anyone else had ever described it. It was very violent and angry, and I was full of rage. I wasn't lying in bed.
The little depression I experienced during my manic-depression was not like depression as anyone else had ever described it. It was very violent and angry, and I was full of rage. I wasnt lying in bed.
In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no depression of such dimensions. There might have been a normal cyclical recession; but, with the usual timing, even that readjustment probably would not have taken place at that particular period, nor would it have been a "Great Depression.
Depression has been called the worlds number one public health problem. In fact, depression is so widespread it is considered the common cold of psychiatric disturbances. But there is a grim difference between depression and a cold. Depression can kill you.
Depression has been called the world's number one public health problem. In fact, depression is so widespread it is considered the common cold of psychiatric disturbances. But there is a grim difference between depression and a cold. Depression can kill you.
Manic depression is a type of depression, technically, and it's the opposite of uni-polar. Manic depression is also called bi-polar disorder. Some people don't like to call it that because they think it makes it sound too nice, when the reality is if you have manic-depression you have manic-depression.
So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.
A state does not simply fall apart as a result of depression... [Weimar Germany] was not destroyed by economic depression or widespread unemployment, though these naturally contributed to the atmosphere of doom, but because the Weimar Right was resolved to abolish the parliamentary state in favour of a vaguely conceived authoritarian state.
Depression is a serious problem, but drugs are not the answer. In the long run, psychotherapy is both cheaper and more effective, even for very serious levels of depression. Physical exercise and self-help books based on CBT can also be useful, either alone or in combination with therapy. Reducing social and economic inequality would also reduce the incidence of depression.
We don't have a great war in our generation, or a great depression, but we do, we have a great war of the spirit. We have a great revolution against the culture. The great depression is our lives. We have a spiritual depression.
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