David McWilliams: Pandession Is

David McWilliams Money Quote saying Irish economist that the global pandemic is having new effects on the world economy which requires a new term he has coined – Pandession. David McWilliams said:
 

 

“We are not living through a recession. Nor are we witnessing a depression. We are suffering from something new, something I’d like to term a “Pandession”. We have chosen to minimise needless death at the price of huge economic damage. This economic, social and political destruction is the Pandession” — David McWilliams

 
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Harry Truman: A Recession or Depression?

Harry Truman Money Quote saying it’s tough to tell when tough economic times turn to terrible depression – but one way to tell is if you are still employed. Harry Truman said:
 

 

It’s a recession when your neighbor loses his job; it’s a depression when you lose your own — Harry Truman

 
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Daniel Hannan: Spending Recession & Debt

Daniel Hannan Money Quotation saying spending won’t solve the problems that cause recession – creating more debt won’t fix it. Daniel Hannan said:

You cannot spend your way out of recession or borrow your way out of debt
— Daniel Hannan