Floyd Norris has an excellent piece in the NYTIMES:
He includes the following Walter Lippmann quote (circa 1933):
“There are good crises
and there are bad crises. Every crisis breaks a deadlock and sets events in
motion. It is either a disaster or an opportunity. A bad crisis is one in which
no one has the power to make good use of the opportunity and therefore it ends
in disaster. A good crisis is one in which the power and the will to seize the
opportunity are in being. Out of such a crisis come solutions.”