A Quote by John Ralston Saul

The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression. — © John Ralston Saul
The recession is over." This phrase has been used twice a year since 1973 by government leaders throughout the West. Its meaning is unclear. See: Depression.
The Fed was largely responsible for converting what might have been a garden-variety recession, although perhaps a fairly severe one, into a major catastrophe. Instead of using its powers to offset the depression, it presided over a decline in the quantity of money by one-third from 1929 to 1933 ... Far from the depression being a failure of the free-enterprise system, it was a tragic failure of government.
The difference between recession and depression is simple. Recession, goes the saying, is when you lose your job; depression is when I lose mine.
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.
There are abusive practices that have been used in connection with various mental attitudes or feelings. Over-medication in respect to depression is an example that comes to mind. The aversive therapies that have been used in connection with same-sex attraction have contained some serious abuses that have been recognized over time within the professions.
I see depression as an exponentially developed version of a human condition. Meaning I always think in the end it's humanizing. People who never suffer from depression I find suspect. I assume Donald Trump is not a sufferer from depression.
Over and over again, people had to disobey lawful authority to follow the voice of their conscience. This obedience to God and disobedience to the State has, over and over again, happened throughout history. It is time again to cry out against our 'leaders,' to question (since it is not for us to say that they are evil) whether or not they are sane.
In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.
They talk about the economy this year. Hey, my hairline is in recession, my waistline is in inflation. Altogether, I'm in a depression.
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
Few Westerners know Iran as well as Robin Wright: her first trip there as a journalist was in 1973, and she has covered every important milestone since, from the Islamic revolution and the hostage crisis to the more recent staring contest with the West over Tehran's nuclear program.
Ladies and gentlemen, the Reagan tax cuts turned the deepest recession since the Great Depression into the largest 20-year economic boom in American history. The Reagan tax cuts of 1981 and '86. And the same thing can happen here again. Democrats just cannot let it.
Stasis is something that has marked my life since I was a boy growing up in Pittsburgh with my mother. It was the natural state that we existed in. For one thing, she suffered from a debilitating depression throughout my childhood, and depression is nothing if not static.
I don't see any significant recession or depression in the offing.
I have lived with my conscience and my own memories for over quarter of a century since the events of 1973. These are not easy reflections for me. But I am at peace with myself, and with the Chilean people, about what happened. I am clear in my mind that the return to Chile of true democracy, and from that the true freedom to which all individual people are entitled, could not have been achieved without the removal of the Marxist government.
So many struggled so that all of us could have a voice in this great democracy and live up to the first three words of our constitution: We the people. I love that phrase so much. Throughout our country's history, we've expanded the meaning of that phrase to include more and more of us. That's what it means to move forward.
The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.
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