Quotes about depression
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“It's a recession when your neighbor loses his job; it's a depression when you lose yours.”

Harry Truman (1884–1972) American politician, 33rd president of the United States (in office from 1945 to 1953)

Quoted in The Observer 13 April 1958

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“The only thing I could think of was turkey neck and turkey gizzards and I felt very depressed.”

Source: The Bell Jar (1963), Ch. 6
Context: Then he just stood there in front of me and I kept on staring at him. The only thing I could think of was turkey neck and turkey gizzards and I felt very depressed.

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“THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible for the ensuing crash and depression.”

Benjamin Graham (1894–1976) American investor

Part III, Chapter XIII, The Reservoir Plan and Credit Control, p. 153
Storage and Stability (1937)

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“Education…is a companion which no misfortunes can depress, no clime destroy, no enemy alienate, no despotism enslave: at home a friend, abroad an introduction, in solitude a solace, in society an ornament: it chastens vice, it guides virtue, it gives at once a grace and government to genius. Without it, what is man? A splendid slave, a reasoning savage.”

Joseph Addison (1672–1719) politician, writer and playwright

Though sometimes attributed to Addison, this actually comes from a speech delivered by the Irish lawyer Charles Phillips in 1817, in the case of O'Mullan v. M'Korkill, published in Irish Eloquence: The Speeches of the Celebrated Irish Orators (1834) pp. 91-92.
Misattributed

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“Such a tendency has the slave-trade to debauch men's minds, and harden them to every feeling of humanity! For I will not suppose that the dealers in slaves are born worse than other men—No; it is the fatality of this mistaken avarice, that it corrupts the milk of human kindness and turns it into gall. And, had the pursuits of those men been different, they might have been as generous, as tender-hearted and just, as they are unfeeling, rapacious and cruel. Surely this traffic cannot be good, which spreads like a pestilence, and taints what it touches! which violates that first natural right of mankind, equality and independency, and gives one man a dominion over his fellows which God could never intend! For it raises the owner to a state as far above man as it depresses the slave below it; and, with all the presumption of human pride, sets a distinction between them, immeasurable in extent, and endless in duration! Yet how mistaken is the avarice even of the planters? Are slaves more useful by being thus humbled to the condition of brutes, than they would be if suffered to enjoy the privileges of men? The freedom which diffuses health and prosperity throughout Britain answers you—No. When you make men slaves you deprive them of half their virtue, you set them in your own conduct an example of fraud, rapine, and cruelty, and compel them to live with you in a state of war; and yet you complain that they are not honest or faithful! You stupify them with stripes, and think it necessary to keep them in a state of ignorance; and yet you assert that they are incapable of learning; that their minds are such a barren soil or moor, that culture would be lost on them; and that they come from a climate, where nature, though prodigal of her bounties in a degree unknown to yourselves, has left man alone scant and unfinished, and incapable of enjoying the treasures she has poured out for him!—An assertion at once impious and absurd. Why do you use those instruments of torture? Are they fit to be applied by one rational being to another? And are ye not struck with shame and mortification, to see the partakers of your nature reduced so low? But, above all, are there no dangers attending this mode of treatment? Are you not hourly in dread of an insurrection? […] But by changing your conduct, and treating your slaves as men, every cause of fear would be banished. They would be faithful, honest, intelligent and vigorous; and peace, prosperity, and happiness, would attend you.”

Olaudah Equiano (1745–1797) African abolitionist

Chap. V
The Interesting Narrative of the Life of Olaudah Equiano, or Gustavus Vassa, the African (1789)

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“Economists can take a good deal of credit for the stabilization policies which have been followed in most Western countries since 1945 with considerable success. It is easy to generate a euphoric and self-congratulatory mood when one compares the twenty years after the first World War, 1919-39, with the twenty years after the second, 1945-65. The first twenty years were a total failure; the second twenty years, at least as far as economic policy is concerned, have been a modest success. We have not had any great depression; we have not had any serious financial collapse; and on the whole we have had much higher rates of development in most parts of the world than we had in the 1920’s and 1930’s, even though there are some conspicuous failures. Whether the unprecedented rates of economic growth of the last twenty years, for instance in Japan and Western Europe, can be attributed to economics, or whether they represent a combination of good luck in political decision making with the expanding impact of the natural and biological sciences on the economy, is something we might argue. I am inclined to attribute a good deal to good luck and non-economic forces, but not all of it, and even if economics only contributed 10 percent, this would amount to a very handsome rate of return indeed, considering the very small amount of resources we have really put into economics.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1960s, The economics of knowledge and the knowledge of economics, 1966, p. 9

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“And the most depressing sign about [ Josiah Royce's ] thinking is that he seems perfectly aware how this makes no provision either for immortality or for real freedom, and yet he appears to have no uneasiness under it, but to contemplate this ghastly destiny of ours with a complacency even savoring of self-satisfaction.”

George Holmes Howison (1834–1916) American philosopher

Letter to W.T. Harris; Quoted in: James McLachlan, "George Holmes Howison: The Conception of God Debate and the Beginnings of Personal Idealism." The Personalist Forum. Vol. 15, Nr. 1 (1995). p. 6; Cited in Dwayne Tunstall, Yes, But Not Quite: Encountering Josiah Royce's Ethico-Religious Insight, Fordham Univ Press, 2009. p. 12
Journals

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“There is no fulfillment in things whatsoever. And I think one of the reasons that depression reigns supreme amongst the rich and famous is some of them thought that maybe those things would bring them happiness. But what, in fact, does is having a cause, having a passion. And that's really what gives life's true meaning.”

Ben Carson (1951) 17th and current United States Secretary of Housing and Urban Development; American neurosurgeon

"Famed Surgeon Ben Carson on Overcoming Adversity" http://www.npr.org/templates/story/story.php?storyId=4633158, National Public Radio (May 6, 2005)

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“When the economy is in a depression, scarcity ceases to rule. Productive resources sit idle, so that it is possible to have more of some things without having less of others; free lunches are all around. As a result, all the usual rules of economics are stood on their head; we enter a looking-glass world in which virtue is vice and prudence is folly. Thrift hurts our future prospects; sound money makes us poorer. Moreover, that's the kind of world we have been living in for the past several years, which means that it is a kind of world that students should understand. […] Depression economics is marked by paradoxes, in which seemingly virtuous actions have perverse, harmful effects. Two paradoxes in particular stand out: the paradox of thrift, in which the attempt to save more actually leads to the nation as a whole saving less, and the less-well-known paradox of flexibility, in which the willingness of workers to protect their jobs by accepting lower wages actually reduces total employment. […] In times of depression, the rules are different. Conventionally sound policy – balanced budgets, a firm commitment to price stability – helps to keep the economy depressed. Once again, this is not normal. Most of the time we are not in a depression. But sometimes we are – and 2013, when this chapter was written, was one of those times.”

Paul Krugman (1953) American economist

“Depressions are Different”, in Robert M. Solow, ed. Economics for the Curious: Inside the Minds of 12 Nobel Laureates. 2014.

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“What started Keynes on the road to the Keynesian Revolution was the incomplete British recovery from the depression of 1920 to 1922.”

Robert Skidelsky (1939) Economist and author

John Maynard Keynes: 1883-1946: Economist, Philosopher, Statesman (2003), Ch. 21. Monetary Reform

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“On the day Kazan showed me the completed picture I was so depressed by my performance that I got up and left the screening room.”

Marlon Brando (1924–2004) American screen and stage actor

Speaking of his performance in On the Waterfront (1954). Songs My Mother Taught Me (1994)
"If there is a better performance by a man in the history of film in America, I don't know what it is."- Eli Kazan on Brando's performance in On the Waterfront, published in Marlon Brando, Portraits and Film Stills 1946-1995 (1996)

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“Nostalgia is a form of depression both for a society and an individual.”

Abbie Hoffman (1936–1989) American political and social activist

Bye-Bye Sixties, Hollywood-Style, Square Dancing in the Ice Age (1982).

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“In depression, the built-in bunk detector that we all possess is not only turned on but is set on high.”

Parker Palmer (1939) American theologian

Source: Let Your Life Speak: Listening for the Voice of Vocation (1999), pp. 59-60

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“Spending freeze is what made the Depression 'Great.”

Rachel Maddow (1973) American journalist

The View, ABC (5 March 2009)

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“To the deficit commission, a depression is the solution to the problem, not a problem.”

Michael Hudson (economist) (1939) American economist

" Why Government is More Afraid of Debt than Depression http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6002" Video Interview, The Real News Network (TRNN) (December 16, 2010)

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“The Pink Panther is supposed to use humor to uplift. Instead, I departed this movie feeling depressed. Lifeless comedies can suck the energy out of a viewer, especially when they sully the image of an cinematic icon.”

James Berardinelli (1967) American film critic

Review http://www.reelviews.net/php_review_template.php?identifier=810 of The Pink Panther (2006).
One-star reviews

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“Nothing that has happened has made me feel gloomy or remain depressed. I love my life.”

Luciano Pavarotti (1935–2007) Italian operatic tenor

Pavarotti : My World (1995)

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“I’m the only person of distinction who’s ever had a depression named for him.”

Herbert Hoover (1874–1964) 31st President of the United States of America

Quoted in An Uncommon Man (1984) by Richard Norton Smith

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“Stimulation of brain pleasure centers can eliminate feelings of rage, fear, and depression.”

James W. Prescott (1930) American psychologist

"Before Ethics and Morality" (1972)

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“Whoever controls the volume of money in any country is absolute master of all industry and commerce…. And when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield (1831–1881) American politician, 20th President of the United States (in office in 1881)

The first sentence, attributed to Garfield since the 1890s http://books.google.com/books?id=-RoPAAAAYAAJ&pg=PA156&dq=%22Whoever+controls+the+volume+of+money%22, is almost certainly a paraphrase of Garfield's "absolute dictator" quote, above. The second part is a late 20th-century commentary misattributed to Garfield.
Misattributed

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“If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.”

Raghuram G. Rajan (1963) Indian economist

As quoted in " Economy will pick up by year-end, says RBI chief http://in.reuters.com/article/2013/10/16/india-rbi-rates-raguram-rajan-idINDEE99E0FF20131016", Reuters (16 October 2013)

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“I was once thrown out of a mental hospital for depressing the other patients.”

Oscar Levant (1906–1972) American comedian, composer, pianist and actor

As quoted in Memorable Quotations: Jewish Writers of the Past (2005) edited by Carol A. Dingle.

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“You almost had to live through it to really know the gut ripping misery of the depression during the early thirties which led to labor's bloodiest and most violent days.”

Jimmy Hoffa (1913–1982) American labor leader

Source: Hoffa The Real Story (1975), Chapter 2, How It All Started, p. 27

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“Economic depression can not be cured by legislative action or executive pronouncement.”

Herbert Hoover (1874–1964) 31st President of the United States of America

Herbert Hoover, 1874-1964 (1971)

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