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What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters.

World War II ended the Great Depression with one of the great public-private industrial collaborations in the history of man.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

I don't think that left to its own devices, capitalism moves along smoothly and everyone gets treated fairly in the process. Capitalism is like a child: if you want the child to grow up free and productive, somebody's got to look over the shoulder of that child.

The 1930s had been a time of tremendous economic distress. And the unemployment rate was enormously high by any historic standard.

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

Since the end of the 1970s, free-market capitalism has been in, and socialism has been out.

What I find so interesting is, Herbert Hoover in August 1928 said no country in the world was closer to abolishing poverty than the United States. And then, of course, we had the Great Depression.