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"Monetary policy itself cannot sensibly be directed at reducing imbalances."
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"In a constructive policy, there is 'adjust everywhere' and in a destructive policy, there is a policy of disadjustment."
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Personal Development
"A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal."
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Personal Development
"It is essential that policy instruments be developed that would firmly establish democratization on the basis of social consensus and enable transformation on stable grounds."
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Personal Development
"In my 31 years in Congress, I have seen a lot of changes. We made some substantial policy changes that have improved our parks system and our public lands."
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Personal Development
"So, I'm lying on the couch and Laura walks in and I say, 'Free at last,' and she says 'You're free all right, you're free to do the dishes.' So I say, 'You're talking to the former president, baby,' and she said, 'consider this your new domestic policy agenda.'"
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Personal Development
"When you see how the President makes political or policy decisions, you see who he is. The essence of the Presidency is decision-making."
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Personal Development
"I am afraid we must make the world honest before we can honestly say to our children that honesty is the best policy."
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Personal Development
"The destruction of civilian hamlets, the killing and the wounding of civilians, became vastly greater than it had been before, and it was very upsetting; but I still couldn't bring myself to understand that the policy itself was wrong."
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Personal Development
"You may see the emergence of a new political party from the body of the trade union movement which represents a very clear-cut socialist alternative policy and which gives expression to the views of the trade union movement in parliament."
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Personal Development
"The State Department desperately needs to be vigorously harnessed. It has too big a role to play in the formulation of foreign policy, and foreign policy is too important to be left up to foreign service officers."
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Personal Development
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"The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe."
Finance
"Monetary policy itself cannot sensibly be directed at reducing imbalances."
Policy
"Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system."
Finance
"Most consequential choices involve shades of gray, and some fog is often useful in getting things done."
Choice
"I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market."
Change
"The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting."
End
"The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy."
Quality
"There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy."
Money
"The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move."
Policy
"As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past."
Policy
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