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David Malpass Quotes

The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government’s gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We’ve gotten out of control Picture Quote #1

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses Picture Quote #1

Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come Picture Quote #1

While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and forcing many unprofitable business decisions without the risk that it will be fired Picture Quote #1

For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth Picture Quote #1

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It’s unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt Picture Quote #1

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To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That’s wrong, but neither the U.S. nor Europe has a plan to stop it Picture Quote #1

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don’t fix the underlying problems Picture Quote #1

Politicians are addicted to spending and revenue extraction. As with an addict, there’s little pause for moral or legal contemplation Picture Quote #1

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Text Quotes

The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government’s gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We’ve gotten out of control (David Malpass Quotes) The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses. (David Malpass Quotes) Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come. (David Malpass Quotes) While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and forcing many unprofitable business decisions without the risk that it will be fired. (David Malpass Quotes) For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth. (David Malpass Quotes) The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It’s unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt. (David Malpass Quotes) To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That’s wrong, but neither the U.S. nor Europe has a plan to stop it. (David Malpass Quotes) The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don’t fix the underlying problems. (David Malpass Quotes) Politicians are addicted to spending and revenue extraction. As with an addict, there’s little pause for moral or legal contemplation (David Malpass Quotes)