Famous quotes containing the words economic depression, economic and/or depression:
“Economic depression can not be cured by legislative action or executive pronouncement.”
—Herbert Hoover (1874–1964)
“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
—Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)
“That terrible mood of depression of whether it’s any good or not is what is known as The Artist’s Reward.”
—Ernest Hemingway (1899–1961)