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George W. Bush uttered 'the 10 most important words in the history of economics' during the 2008 financial crisis, Warren Buffett says — here's how they now apply in 2024

Moneywise
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75% Informative

Former U.S. President George W. Bush reportedly declared: “If money isn’t loosened up, this sucker could go down!” Buffett deemed this quip “the 10 most important words in the history of economics” He believes Bush ’s words were a signal to Hank Paulson , Secretary of the Treasury at the time, along with Federal Reserve chair Ben Bernanke , that all options were on the table.

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75

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74

Neutral language

7

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formal

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English

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46

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short-lived

External references

18

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