A Quote by John Chamberlain

Two hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.

John Chamberlain

Quote Topics

Absorb Adam After Amount Businessmen Certain Could Days Easy Easy Days Economist First Hundred Hundred Years Increases Liberal Only Out Price Rigidity Rises Smith Two Wage War Warned World World War World War I World War II Years Years Ago

Quote Author

John Chamberlain
American - Artist
Born: April 16, 1927

We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.

Warren Buffett

There is a myth that the New Deal programs on their own pulled the US out of the Great Depression and created the conditions for the economic boom after World War II. As an economist, I can tell you, that is not true. In reality, it was mainly World War II that launched the boom - the massive war mobilization, the horrifying destruction and death caused by it, and then the reconstruction in its aftermath. he US was the only advanced capitalist country that was not bombed during the war.

Kshama Sawant

The price of Christmas toys is outrageous - a hundred dollars, two hundred dollars for video games for the youngsters. I remember a Christmas years ago when my son was a kid. I bought him a tank. It was about a hundred dollars, a lot of money in those days. It was the kind of tank you could actually get inside and ride in. He played in the box it came in. It taught me a very valuable lesson. Next year he got a box. And I got a hundred dollars' worth of scotch.

Johnny Carson

World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases.

Joseph Stiglitz

Tradition does not mean a dead town; it does not mean that the living are dead but that the dead are alive. It means that it still matters what Penn did two hundred years ago or what Franklin did a hundred years ago; I never could feel in New York that it mattered what anybody did an hour ago.

Gilbert K. Chesterton

I think in many ways, the Spanish Civil War was the first battle of World War II. After all, where else in the world at this point did you have Americans in uniform who were being bombed by Nazi planes four years before the U.S. entered World War II? Hitler and Mussolini jumped in on the side of Francisco Franco and his Spanish nationalists, sent them vast amounts of military aid, airplanes, tanks - and Mussolini sent 80,000 ground troops as well - because they wanted a sympathetic ally in power. So I think it really was the opening act of World War II.

Adam Hochschild

The modern assault on the environment began about 50 years ago, during and immediately after World War II.

Barry Commoner

In one sense, I have always felt glad to have had the war [World War II] in my childhood, because, as a result, nothing that has happened in the world since then has ever seemed quite so bad. On the other hand, I never entirely got over my feeling of being cheated when the promised era of peace in a wonderful "post-war world" failed to materialize. I could not understand how, after all that, people could ever even think of fighting again. And I still can't.

Ashleigh Brilliant

Both World War II and the subsequent Cold War gave America's involvement in world affairs a clear focus. The objectives of foreign policy were relatively easy to define, and they could be imbued with high moral content.

Zbigniew Brzezinski

It's very important to understand that World War II is at the base of this new policy. From the 1890s on, the U.S. was always imperialistic. We went after the Philippines, and we did the same in Cuba, in Hawaii. We controlled South America. Woodrow Wilson was not what he was supposed to be. He was very much a white man first. "The world must be made safe for democracy." It really accelerates after World War II.

Oliver Stone

I was born in Yangzhou, China, two years after World War II ended. I was 5 when my family escaped to Taiwan. Eight years later, we moved to Japan.

Andrew Cherng

The United States, working closely with the United Kingdom and others, established the liberal world order in the wake of World War II. The goal was to ensure that the conditions that had led to two world wars in 30 years would never again arise.

Richard N. Haass

Only World War II, which mobilized 10 million draftees, could by any stretch of the imagination be called a people's war.

John Gregory Dunne

About two hundred or two hundred and fifty years after the death of Grettir, his history was committed to writing, and then it became fixed - nothing further was added to it, and we have his story after having travelled down over two hundred years as a tradition.

Sabine Baring-Gould

We have to recognize that the reason that the global order that we've enjoyed and almost take for granted over the last several years exists is that after World War II, the United States and its allies tried to build an antidote to what they had seen between World War I and World War II. There, they'd seen protectionism, beggar-thy-neighbor trading policies, so they said, we'll build an open international economy. And they did that.