“When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.”
2013, Remarks on Economic Mobility (December 2013)
Context: So let me repeat: The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. For one thing, these trends are bad for our economy. One study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. And that makes sense. When families have less to spend, that means businesses have fewer customers, and households rack up greater mortgage and credit card debt; meanwhile, concentrated wealth at the top is less likely to result in the kind of broadly based consumer spending that drives our economy, and together with lax regulation, may contribute to risky speculative bubbles.
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Source: Short Answers to the Tough Questions: How to Answer the Questions Libertarians Are Often Asked, (2012), p. 183

As quoted in "Sen. Elizabeth Warren slams Republicans: Worry less about helping big banks" by Eric W. Dolan, in Raw Story (12 March 2013) https://www.rawstory.com/2013/03/sen-elizabeth-warren-slams-republicans-worry-less-about-helping-big-banks/
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Beckoning Frontiers (1966 [1951])

Source: Debt: The First 5,000 Years (2011), Chapter One, "On The Experience of Moral Confusion", p. 4

Quoted in Stephen Mihm, "Dr. Doom," http://www.nytimes.com/2008/08/17/magazine/17pessimist-t.html?_r=1&oref=slogin The New York Times (2008-08-15).

Mark Skousen; in: The Freeman: Ideas on Liberty, Vol. 60, Nr. 3-10 (2010). p. 7
Manias, Panics, and Crashes: A History of Financial Crises (1978), Ch. 13 : The Lessons of History and the Most Tumultuous Decades Ever

James K. Galbraith (2012), Inequality and Instability: A Study of the World Economy. p. 148; Cite in: " Muddling Towards the Next Crisis: James Kenneth Galbraith in conversation with The Straddler http://www.thestraddler.com/201310/piece2.php" at thestraddler.com, Winter 2013.

Maureen McDonnell, quoted on Daily News, "Former Virgina Gov. Bob McDonnell and wife indicted on corruption charges" http://www.nydailynews.com/news/politics/va-gov-bob-mcdonnell-wife-indicted-corruption-article-1.1586861, January 21, 2014.