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Ronnie and the Depression

“A recession is when your neighbor loses his job. A depression is when you lose yours.” -Ronald Reagan, 1980

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2 Responses to “Ronnie and the Depression”

  1. The Economy » Blog Archive » Ronnie and the Depression : Mediaspace_09 on December 5th, 2008

    […] Damien Hirst: Beautiful Inside My Bank Account Forever… Damien Hirst X Levis Fall 2008 Spin Denim Auction · Rolexes fly off the shelves as Icelanders seek safe investments · Sign of the Times: National Debt Clock Runs Out of Digits …[Continue Reading] […]

  2. Monika on December 6th, 2008

    Though I am not really in love with the politics of Reagan, he has some points here - especially when reading it from with the country of ‘Madame No’ (german only):
    “When it comes to searching for definitive explanations, Reagan may have gotten it right back in 1980. In that same speech, he said, “Human tragedy, human misery, the crushing of the human spirit … They do not need defining—they need action.” (from same Newsweek article, as you quote, Marius)

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