A Quote by Eliot Spitzer

The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster.
What the U.S. does is it continues to print money when the economic situation gets difficult. This is what happened in the last depression during the summer of 2008 when they tried to resolve the economic crisis by printing valueless money. This is the business privilege given to them at the famous conference of Bretton Woods in 1944 when the United States emerged as the superpower after Europe and the rest of the world, mainly Europe, that had collapsed because of the war.
Libertarian immigration policy would be an experiment in which I don't think we should participate. We should not bet the republic that the results will be good. I suspect the results would be a disaster and the end of the American experiment.
It is time to recognise that austerity alone condemns not just Greece but the whole of Europe to the probability of a painful and protracted era of little or no economic growth. This would be a tragedy not just for Greece and for Europe, but for the world.
The US and Europe are committing suicide in different ways. In Europe it's austerity in the midst of recession and that's guaranteed to be a disaster. There's some resistance to that now. In the US, it's essentially off-shoring production and financialization and getting rid of superfluous population through incarceration.
Since 1963, the University of Delaware's Disaster Research Center has conducted nearly 700 field studies on floods and earthquakes, and on-site research reveals the same results every time: the vast majority of people stay calm and help each other.
If science is to progress, what we need is the ability to experiment, honesty in reporting results—the results must be reported without somebody saying what they would like the results to have been—and finally—an important thing—the intelligence to interpret the results.
And what if we’d been utterly open? Made jokes about the first wife? What if we’d been that kind of family? Well, I would have been different, surely. But not because I knew the secret. For it wasn’t the secret—the secret that wasn’t a secret anyway—that led to the austerity in our lives. It was the austerity that led to the secret. And what I had been marked by, probably most of all, was the austerity. It had made secrets in my life too. Or silences, anyway, that became secrets. That became lies.
There have always been people in American politics that wanted America to be more like the rest of the world. And In 2008, one of them was elected president of this country and the result has been a disaster.
Barack Obama is a president who, when he had to deal with the 2008 economic crisis, has led the American economy on a completely different path than the one that Europe has chosen eight years later.
After we had conducted thousands of experiments on a certain project without solving the problem, one of my associates, after we had conducted the crowning experiment and it had proved a failure, expressed discouragement and disgust over our having failed to find out anything. I cheerily assured him that we had learned something. For we had learned for a certainty that the thing couldnt be done that way, and that we would have to try some other way.
The value and utility of any experiment are determined by the fitness of the material to the purpose for which it is used, and thus in the case before us it cannot be immaterial what plants are subjected to experiment and in what manner such experiment is conducted.
Every cataclysm is welcomed by somebody; there is always someone to rejoice at disaster and see in it the prospect of a new beginning and a better world.
The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.
There seems to be a passive alliance between Vladimir Putin and Donald Trump and that's unprecedented in its form and dangerous in its content, because Russia is our most dangerous geopolitical opponent because of the desires that they have in the Middle East and because of their desire to break up Europe. And in the United States, we spent a lot of blood and a lot of treasure trying to keep Europe intact and democratic, and trying to keep the Middle East from being only influenced by people who are massive fans of [Syrian President] Assad and massive fans of the Iranians.
We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt.
In 2003, at the time I made my "Old Europe" comment, the center of gravity in NATO and Europe had long since shifted to the East. With the former Warsaw Pact countries joining NATO, the alliance has a different mix today. Some people were sensitive about my comment because they thought it was a pejorative way of highlighting demographic realities. Apparently they felt it pointed a white light at a weakness in Europe - an aging population. Europe has come some distance since World War II in becoming Europe.
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