Quotes About Panics

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.

Keeping the money supply in balance and avoiding panics depended on the intervention of Treasury officials, which was one of the things liberals hated about it. It also meant that men like Cooke and Gould cultivated those officials as well as congressmen and the president. Their fortunes depended up on it.

As in all moral panics, an accusation is enough to destroy a person's life. Hysteria trumps evidence.

We hope the future will turn out well, but we fear it won't. As members of the crowd we will always take these emotions to extremes. When the herd instinct combines with hope and fear in a market environment, we get panics and manias.

America's peak years of indigenous innovation ran from the 1820s to the 1960s. There were a few financial panics and two depressions, to be sure. But in this period, a frenzy of creative activity, economic competition and rapid growth in national income provided widening economic inclusion, rising wages for all, and engaging careers for most.

At many points during our nation's history, there have been times - known in our history textbooks as 'panics' - when adverse conditions affecting the financial and economic sectors of the country have caused individuals to hoard more than they need.

Live performance had suffered in the sabotage panics of the early twenty-first century – no one during those decades had wanted to form part of a large group at a public event in a dark, easily destructible walled space, or no one with any cool or status.

Etienne's son Paul, a surly fellow whose erratic conduct had probably provoked the riot which wiped out the family, was particularly a source of speculation; and though Providence never shared the witchcraft panics of her Puritan neighbours, it was freely intimated by old wives that his prayers were neither uttered at the proper time nor directed toward the proper object.

To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.

It might have been a problem if they'd all attacked at once, coming from different directions. She would have taken them all out, but it would have required more ammunition and probably made more noise. It's always easier just to take out the leader. If there is nothing else to learn from history, it's that from humans to animals, from the most primitive to the most civilized, most individuals want to be led. Take out the leader, and the rest of the pack panics.

Take out the leader, and the rest of the pack panics.

For the vulnerability pattern, that philosophy offers a corrective for the distorted perception of the schema lens, which panics about everything, including what cannot be changed.

Large numbers of under-capitalized banks were a recipe for financial instability, and panics were a regular feature of American economic life - most spectacularly in the Great Depression, when a major banking crisis was exacerbated rather than mitigated by a monetary authority that had been operational for little more than fifteen years.

Panics, in some cases, have their uses; they produce as much good as hurt. Their duration is always short; the mind soon grows through them and acquires a firmer habit than before. But their peculiar advantage is, that they are the touchstone of sincerity and hypocrisy, and bring things and men to light, which might have lain forever undiscovered.

Panics, in some cases, have their uses; they produce as much good as hurt. Their duration is always short; the mind soon grows through them and acquires a firmer habit than before. But their peculiar advantage is, that they are the touchstones of sincerity and hypocrisy, and bring things and men to light, which might otherwise have lain forever undiscovered.

In economic panics throughout history, the wiping out of the savings accounts of lower earners and the middle class has often led to social revolution, sometimes violent upheavals.

It's true that virtually all new technologies do trigger what sociologists would call 'moral panics,' that there are a lot of people who are concerned with the possible political and social consequences, and that this has been true throughout the ages.

And that's all show business is, really. Transitioning panics.

Moral panics over drugs in America had tended to focus on street drugs and to play on fears about minority groups, immigrants, and illicit influences

Moral panics over drugs in America had tended to focus on street drugs and to play on fears about minority groups, immigrants, and illicit influences; the idea that you could get hooked on a pill that was prescribed to you by a physician in a white coat with a stethoscope around his neck and a diploma on the wall was somewhat new.