Quotes About Government

With the money supply no longer constrained by the amount of gold held by the government, deflation stopped almost immediately.

The government doesn't allow sales of flammable children's pajamas, for example, no matter how clear the warning label.

The deepest frustration we shared, it soon became clear, was not with the baggage but with government dysfunction itself.

The leak annoyed but didn't surprise me; I had learned that's how Washington works.

After subtracting our operating expenses, we remit our profits to the Treasury, in turn reducing the federal deficit.

Tight fiscal policies were arguably offsetting much of the effect of our monetary efforts.

under Dodd's bill we would also have little role in ensuring systemic stability.

His great strength, cultivated over his years in government, was his focus on getting the policy right, whatever the obstacles.

concerned about the politics and whether Congress would go along, the Bush administration had not yet made the request.

That's not the same as, or nearly as bad as, failing to raise the debt ceiling and defaulting on government debt.)

I know it's hard to think of a $787 billion package as small, but its size must be compared with its objective of helping to arrest the deepest recession in seventy years in a $15 trillion U.S. economy.

much of the effect was offset by spending cuts and tax increases undertaken by state and local governments.

Did the government make a conscious decision to let Lehman fail, and, if so, why did it go on to save AIG?

I can only say that the Goldman alumni with whom I worked brought not only substantial financial expertise to their government duties, as one would expect, but also a strong dedication to the public interest.

Ultimately, its program looked similar to ours, both in its emphasis on government bond purchases and in its size relative to the economy.

However, without government funding, its scope was necessarily limited. The

offering advice to the administration and Congress when we thought we could be helpful.

They didn't resist, but they saw the idea as a low political priority.

Portugal's relatively weak economy had in turn weakened its fiscal position.

Congress would not take up reforms of this magnitude in a presidential election year.

Obama also urged streamlining overlapping regulatory agencies (without getting into specifics),

with the president having just been reelected, I could expect to be involved in new policy initiatives.

Fannie and Freddie also spent some of their profits on lobbying and political contributions, cementing the cozy relationship

As doubts grew about the GSEs,