Quotes of All Topics . Occasions . Authors
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
If Trump actually wants to help those who have been left behind, he must go beyond the ideological battles of the past.
If the President asked you to help, I don't think anybody could refuse, unless one felt that one couldn't be effective.
The important lesson of the deficit is - and the national debt - is we have to be careful about how we're spending money.
You can't overestimate what happens when you encourage regulators to believe that the goal of regulation is not to regulate.
I'm enough of a political junkie to know if you have large numbers of people much worse off, you're going to have consequences.
Not everybody is qualified to go to Stanford, but everybody should have access to the best qualify for which they are eligible.
Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea's nuclear ambitions.
Americans like to say we're fighting for democracy, and yet young Americans have come to the view that democracy doesn't deliver.
Active learning is always involved with interaction between teachers and students and Socratic methods and that's gonna continue.
Anybody who has watched government from the inside recognizes that governments need institutions, need ways to respond to crises.
I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
Having excessive power in the hands of one country meant the fate of the world was too dependent on what happened in that one country.
I'm writing from New Zealand - a country that decided from the beginning that the War was wrong, and chose not to participate in Iraq War.
Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.
Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.
Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.
In the end, the politics of the euro zone weren't strong enough to create a fully integrated fiscal union with a common banking system, etc.
To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.
An economy in which most citizens are doing worse year after year - an economy like America's - is not likely to do well over the long haul.
If manufacturing jobs do come back to the U.S., they will be done by robots in hi-tech parts of the country rather than the Rust Belt states.
Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.
America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow.
We are helping the people that [George W.]Bush says are evil. Teheran couldn't be happier about the high oil prices resulting from the Iraq war.
I don't think anybody really thinks that one should get rid of the World Bank. Reform is one thing, but getting rid of it I think would be wrong.
One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey.
America and the world are paying a high price for devotion to the extreme anti-government ideology embraced by Donald Trump and his Republican party.
The diversity of Europe is its strength. But for a single currency to work, over a region with enormous economic and political diversity, is not easy.
International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.
The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries.
Global demand for dollars has supplanted demand for manufactured goods and services, resulting in multilateral trade deficits and loss of jobs at home.
Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.
Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.
The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a disaster.
The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world politics and economics, led by China.
For instance, one of the costs of the war is that soldiers today get very seriously injured but stay alive, and we can keep them alive but at an enormous price.
For that to happen, growth has to be very strong. To get back to normalcy, we will have to have extended growth of more than 3 percent. That's not in the cards.
We have a locale-based education system; we have increasing economic segregation. We clearly need a larger federal program to try to help disadvantaged districts.
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.
We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all.
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with everyday observation.
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
I don't think we can have democracies that work where most of the people are not benefiting economically, where most of the people are worried about their job security.
In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues.
Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.
Policies seemed almost deliberately designed to suppress new enterprise and job creation. How many Americans will start a business if the interest rates are 150 percent?
One has to always ask the question: Where can one be most effective in helping shape policies? It is always difficult when you're inside because you're very constrained.
There is a growing consensus that the European systems have worked better than the American: They have been able to deliver better health care to more people at lower cost.