Barry Eichengreen on push
Barry Eichengreen11 quotes“Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.”
Filed under
More from Barry Eichengreen
The 24% unemployment reached at the depths of the Great Depression was no picnic.
Barry EichengreenBarry Eichengreen Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.
Barry EichengreenBarry Eichengreen For those unfortunate enough to experience it, long-term unemployment – now, as in the 1930s – is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired.
Barry EichengreenBarry Eichengreen Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe’s fiscal, banking, and monetary union.
Barry EichengreenBarry Eichengreen The consequences of a collapse would not be pretty. Whichever country precipitated it – Germany by threatening to abandon the euro, or Greece or Spain by actually doing so – would trigger economic chaos and incur its neighbours’ wrath.
Barry EichengreenBarry Eichengreen Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe’s economy remains unable to grow.
Barry EichengreenBarry Eichengreen The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.
Barry EichengreenBarry Eichengreen While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.
Barry EichengreenBarry Eichengreen As for the single market, the E.U.’s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.
Barry EichengreenBarry Eichengreen More than the Big Mac, Coca Cola, or Levi’s 501 jeans, the dollar is surely the United States’ signature export.
Barry EichengreenBarry Eichengreen
Original quotes
From our community writers
They bleed not in the mouth but through their ink – indelible and dark.
Juana GarciaJuana Garcia I would rather shoot my arrows than keep them in my bow, I would rather risk it all than risk nothing at all.
ShamaShama I wish I knew then all of the things I know now that I am enough.
TMCTMC I feel like I’m on fire, fighting for a moment on respite – I’m not placing bets.
M.K. StandbyM.K. Standby I found him in all the chaos, and that was when my world started making sense again.
MoomerMoomer The judgement that people cast on you for how you do or do not appear is nothing more than just a projection of their own wounds.
Taj AroraTaj Arora Be grateful for what you have now, even if it’s not everything you wanted.
Sonia SabnisSonia Sabnis It seems strange how we look in the same mirror, yet what stares back, is so painfully different.
Chris AllchinChris Allchin
More on push
Do not be in a hurry or try to push your practice. If you become peaceful, then accept it,; if you don’t become peaceful, then accept that also.
Ajahn ChahAjahn Chah People are always fighting reality until it’s pushed down their throats.
Agnes DenesAgnes Denes I can only get up and do my chores and push through the day and find the good in it.
Adriana TrigianiAdriana Trigiani Then push through it no matter what the outcome is.
Adrian PetersonAdrian Peterson For me, it’s always best to just push everything out and just disappear by myself alone somewhere – and it’s kind of like a need of mine.
Adam YoungAdam Young After all those years of doing remote detonations, where we just push a button and something explodes, to actually see a nice big fat line of black smoke heading toward something that will blow up is very satisfying.
Adam SavageAdam Savage I think that the job of art and culture is to jump on that time and realize that it’s there and to push it just a little bit faster.
Adam McKayAdam McKay We are pushed by pain until we are pulled by vision.
Michael BeckwithMichael Beckwith
