Quotes About Fiscal Policy

#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.

Ben Bernanke

#2. Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

Alan Greenspan

#3. 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.

Alan Greenspan

#4. I would like to see Greece as a case study, an opportunity for Europe to strengthen its coordination of fiscal policy.

George Papandreou

#5. 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.

Warren Buffett

#6. 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.

James Surowiecki

#7. Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.

Joe Hockey

#8. 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.

Paul Krugman

#9. Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.

Franklin D. Roosevelt

#10. I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

Paul Krugman

#11. We've got to be explicit that the road to greater economic success does not lie in this cosy assumption that you can move from a single market through a single currency to harmonising all your taxes and then having a federal fiscal policy and then effectively having a federal State.

Gordon Brown

#12. 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.

Dennis Miller

#13. 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.

Mick Jagger

#14. Most economists would concede that, in theory, government has the tools to smooth the business cycle. The problem is that fiscal policy is not made in theory; it's made in Congress.

Charles Wheelan

#15. If we have a common currency, the main regulator for policy in the country is the fiscal policy.

Iveta Radicova

#16. Fiscal policy is not just, or even not even principally, the purview of the president.

Carly Fiorina

#17. There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'

Jacob Lew

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

Alan Greenspan

#19. At the federal level, the fiscal stimulus of 2008 and 2009 supported economic output, but the effects of that stimulus faded; by 2011, federal fiscal policy actions became a drag on output growth when the recovery was still weak.

Janet Yellen

#20. 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.

Debbie Stabenow

#21. 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.

Chris Van Hollen

#22. Lord, the money we do spend on Government and it's not one bit better than the government we got for one-third the money twenty years ago.

Will Rogers

#23. 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.

Sri Mulyani Indrawati

#24. I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

Milton Friedman

#25. The spirit of a people, its cultural level, its social structure, the deeds its policy may prepare - all this and more is written in its fiscal history, stripped of all phrases. He who knows how to listen to its message here discerns the thunder of world history more clearly than anywhere else.

Joseph A. Schumpeter

#26. Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.

Amity Shlaes

#27. 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.

Gerhard Schroder

#28. But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.

Ludwig Von Mises

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

Lucas Papademos

#30. I favor the policy of economy, not because I wish to save money, but because I wish to save people.

Calvin Coolidge

#31. We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.

Ronald Reagan

#32. 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.

Vaclav Klaus