who said this?

  1. 13,013 Posts.
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    “Below the favorable surface [of the economy], there are as many dangerous and intractable circumstances as I can remember.... Nothing in our experience is comparable…But no one is willing to understand [this] and do anything about it…”
    “We are consuming… about six per cent more than we are producing. What holds the world together is a massive flow of capital from abroad… it’s what feeds our consumption binge... the United States economy is growing on the savings of the poor… A big adjustment will inevitably become necessary, long before the social security surpluses disappear and the deficit explodes.”
    “We are skating on increasingly thin ice.”

 
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