David Malpass Quotes

#1. When Congress legislates in haste, it often causes more problems than it solves. But Congress rarely reconsiders its mistakes.

David Malpass

#2. 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

#3. If stocks double but the dollar loses half its value, who beyond Wall Street are the winners and losers?

David Malpass

#4. I don't want to see the dollar strong because the rest of the world is crumbling. I would like to see the dollar strong because the Fed has said it wants it to be strong in the future.

David Malpass

#5. The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.

David Malpass

#6. 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

#7. People's jobs are the biggest asset that they have. The net present value of your job is worth more than your house or your stock portfolio. As people decide whether they're going to buy a car, they're more concerned about whether they have a job and are likely to have a job next year.

David Malpass

#8. 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

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

David Malpass

#10. It is more important what the jobs report shows in December and January
that will affect how many rate hikes we'll have this spring.

David Malpass

#11. Already we're seeing graduates of U.S. higher education going back to their home countries and contributing to societies there, where in the past they would have stayed in the U.S. and built new companies here. We have to have immigration reform that allows talented foreigners to become Americans.

David Malpass

#12. For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth.

David Malpass

#13. It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.

David Malpass