A Quote by Charles Duhigg

Between 1857 and 1929, while regulators largely stood idle, the American economy swung through 19 national boom-and-bust gyrations that sometimes threatened to wipe out whole industries within months.

Charles Duhigg

Quote Author

Charles Duhigg
American - Journalist
Born: 1974

The 20th Century approach to economics, resource depletion and over-consumption means we boom and bust until we bust more than we boom; that is precisely what is happening. In a low growth economy, the true meaning of resource efficiency in business and in everything we do is essential

Phil Harding

Capitalism is chronically unstable.Boom and bust has always marked capitalism in the United States. There were panics in 1785, 1791, 1819, 1857, 1869, 1873, 1907, 1929 and 1987.In economies and politics, as in war, an astonishing number of people die, like the man on the railway crossing, defending their right of way. This is a poorly developed instinct in Switzerland. No country so firmly avows the principles of private enterprise but in few have the practical concessions to socialism been more numerous and varied.

John Kenneth Galbraith

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

Fred Wilson

Boom and bust cycles are very difficult for businesses because you're hiring a bunch because you're planning for the future. And if the future is going to be very big, you need to hire people, or suddenly you go to boom to bust, then all of a sudden, you're kind of battening down the hatches and trying to sail, you know, through the storm, it's a different thing. So part of it is making good decisions about, well, how long is a boom cycle going to be, you know, don't plan on it going forever.

Reid Hoffman

On top of that, we have a healthy and stable economy and an end to the boom and bust that characterised the Tory years.

Alistair Darling

Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt.

Tony Blair

Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.

James P. Gorman

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

Elizabeth Warren

We create these boom-bust cycles by manipulating the money supply and the interest rates and directing it where it went in. And that is what happened with housing: pushed into housing combination of easy money plus all the regulations, and we created this boom-bust cycle, and corruption, because corruption goes with it, because you don't have the same discipline. So we've got to stop all that.

Charles Koch

Basement?' Hamish cried, then glanced at his brother. 'You hear this fellow? He thinks we can just go on down to the furnace and start tinkering?' Angus laughed. 'He probably wouldn't care at all if the whole place went boom, he wouldn't.' At this the guard bristled and stood up even straighter. 'Now see here---' 'No, you see, my good man. Out here, see, we've got snow. So in there, I'd bet, you've got heat. And where there's heat there's gas; and where there's gas there's...' Angus trailed off while his brother said, 'boom.

Ally Carter

When Pearl Harbor was bombed, you know, there was a whole lot of buy-in to a national mobilization. And 25% of the economy was transformed in six months. And we're not calling for six months, we're saying 15 years. That's about what we've got. And probably all that we've got.

Jill Stein

A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.

Adam Davidson

Until Japan's economy drove off a cliff, there was a running argument in Asia about whether it would be wiser to follow the 'Japan model' - with its megacorporations, jobs for life, state control of strategic industries - or the 'American model' of largely unfettered markets.

David E. Sanger

If we were to wipe out insects alone on this planet, the rest of life and humanity with it would mostly disappear from the land. Within a few months.

E. O. Wilson

As I said, there are two approaches-first, a strong economy, stability and helping families or, secondly, the Tory cuts, the undermining of stability, and a return to the boom and bust of the 1990s.

Alistair Darling

As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.