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Fiscal Policy Quotes

Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference Picture Quote #1

First of all, I don’t like to speak about austerity. I’d prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies Picture Quote #1

What will growth policy have to look like in a fiscally compacted Europe? Clearly any illusion of budget stimulated growth policy will have to go away Picture Quote #1

Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives Picture Quote #1

When you’re facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead everywhere except on 19th Street in Washington Picture Quote #1

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels Picture Quote #1

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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view Picture Quote #1

Our future begins on January 1 1999. The euro is Europe’s key to the 21st century. The era of solo national fiscal and economic policy is over Picture Quote #1

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments Picture Quote #1

As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy Picture Quote #1

... it’s important to have the right monetary policy. It’s important for, to have the right fiscal policy. But it’s nowhere near as important as just the normal regenerative capacity of American capitalism Picture Quote #1

The way I’ve always governed my life as far as fiscal policy goes is I’m smart enough to know that I’m dumb about it, so I surround myself with smart people in much the same way a hole surrounds itself with a doughnut. I just pay things off. That’s all I do Picture Quote #1

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I’m not trying to be diplomatic. I’m trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it Picture Quote #1

It’s the [George Bush] president’s fiscal policies that have driven up the biggest deficits in American history. He’s added more debt to the debt of the United States in four years than all the way from George Washington to Ronald Reagan put together Picture Quote #1

The prudential regulation that I have put in place has been absolutely critical. The fiscal policy which we have put in place has been absolutely critical and if people looked at Australia now turn its back on economic reform, which of course industrial relations rollback or throwback would be, let me tell you, that would really start affecting confidence Picture Quote #1

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them Picture Quote #1

The administration’s reckless plan doesn’t do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline Picture Quote #1

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies Picture Quote #1

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Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation Picture Quote #1

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock Picture Quote #1

In order to consolidate the euro we need to harmonise our economic, fiscal and social policies, hence we are going toward greater integration Picture Quote #1

Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy Picture Quote #1

Fiscal policy is not just, or even not even principally, the purview of the president Picture Quote #1

If we have a common currency, the main regulator for policy in the country is the fiscal policy Picture Quote #1

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Fiscal policy, monetary policy, they need to work together to try and raise the level of growth Picture Quote #1

The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place Picture Quote #1

The great thing about fiscal policy is that it has a direct impact and doesn’t require you to bind the hands of future policymakers Picture Quote #1

I am conservative with a small ‘c.’ It’s possible to be conservative in fiscal policy, and tolerant on moral issues or questions of freedom of expression Picture Quote #1

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks Picture Quote #1

Democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasure. From that moment on, the majority always votes for the candidate promising the most benefit from the public treasury, with the result that democracy always collapses over a loose fiscal policy, always to be followed by a dictatorship, and then a monarchy Picture Quote #1

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Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference (Fiscal Policy Quotes) First of all, I don’t like to speak about austerity. I’d prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies. (Fiscal Policy Quotes) What will growth policy have to look like in a fiscally compacted Europe? Clearly any illusion of budget stimulated growth policy will have to go away. (Fiscal Policy Quotes) Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives. (Fiscal Policy Quotes) When you’re facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead everywhere except on 19th Street in Washington. (Fiscal Policy Quotes) Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels. (Fiscal Policy Quotes) Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view. (Fiscal Policy Quotes) Our future begins on January 1 1999. The euro is Europe’s key to the 21st century. The era of solo national fiscal and economic policy is over. (Fiscal Policy Quotes) Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments. (Fiscal Policy Quotes) As we get closer to the end of this Congress, we should be addressing the urgent needs of the American people - the war in Iraq, affordable health care, a sensible energy policy, quality education for our children, retirement security, and a sound and fair fiscal policy. (Fiscal Policy Quotes) ... it’s important to have the right monetary policy. It’s important for, to have the right fiscal policy. But it’s nowhere near as important as just the normal regenerative capacity of American capitalism (Fiscal Policy Quotes) The way I’ve always governed my life as far as fiscal policy goes is I’m smart enough to know that I’m dumb about it, so I surround myself with smart people in much the same way a hole surrounds itself with a doughnut. I just pay things off. That’s all I do (Fiscal Policy Quotes) I’m not trying to be diplomatic. I’m trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it (Fiscal Policy Quotes) It’s the [George Bush] president’s fiscal policies that have driven up the biggest deficits in American history. He’s added more debt to the debt of the United States in four years than all the way from George Washington to Ronald Reagan put together (Fiscal Policy Quotes) The prudential regulation that I have put in place has been absolutely critical. The fiscal policy which we have put in place has been absolutely critical and if people looked at Australia now turn its back on economic reform, which of course industrial relations rollback or throwback would be, let me tell you, that would really start affecting confidence (Fiscal Policy Quotes) That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them (Fiscal Policy Quotes) The administration’s reckless plan doesn’t do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline (Fiscal Policy Quotes) The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure... It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies (Fiscal Policy Quotes) Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation (Fiscal Policy Quotes) Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock (Fiscal Policy Quotes) In order to consolidate the euro we need to harmonise our economic, fiscal and social policies, hence we are going toward greater integration (Fiscal Policy Quotes) Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy (Fiscal Policy Quotes) Fiscal policy is not just, or even not even principally, the purview of the president (Fiscal Policy Quotes) If we have a common currency, the main regulator for policy in the country is the fiscal policy (Fiscal Policy Quotes) Fiscal policy, monetary policy, they need to work together to try and raise the level of growth (Fiscal Policy Quotes) The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place (Fiscal Policy Quotes) The great thing about fiscal policy is that it has a direct impact and doesn’t require you to bind the hands of future policymakers (Fiscal Policy Quotes) I am conservative with a small ‘c.’ It’s possible to be conservative in fiscal policy, and tolerant on moral issues or questions of freedom of expression (Fiscal Policy Quotes) Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks (Fiscal Policy Quotes) Democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasure. From that moment on, the majority always votes for the candidate promising the most benefit from the public treasury, with the result that democracy always collapses over a loose fiscal policy, always to be followed by a dictatorship, and then a monarchy (Fiscal Policy Quotes)