Quotes About Countercyclical

Nonetheless, he was sensitive not just to the need for countercyclical economic policies to head off future depression, but also to the prudential virtues of 'the social security state'.

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.