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"Monetary policy itself cannot sensibly be directed at reducing imbalances."
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"A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal."
"With a foreign policy appropriately rooted in some sense of humanitarian decency, the Central African crisis will not be easily ignored by American policymakers. It screams for remedy."
"For instance, Clinton who was unquestionably the smartest of the bunch I talked to - both the ones who made it and didn't. He had a great interest in policy."
"Our presence in Afghanistan is not worth the price of any more American lives or treasure."
"I see the policy of opposing same-sex marriages or unions, whatever you call it, as bigotry or discrimination."
"The Reagan Administration, generally regarded as having conducted the most successful Transition of modern times, had managed during the election campaign to build bridges to the Democrats in some areas, notably foreign and national security policy."
"But it is also clear that left entirely untouched by public policy, the capitalist system will produce more inequality than is socially healthy or than is necessary for maximum efficiency."
"A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy."
"This nation's elected leaders owe all Americans the duty of formulating an Iraqi policy based on sound analysis of the actual facts."
Explore more quotes by Timothy Geithner
"In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems."
"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."
"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."
"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."
"And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way."
"The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits."
"Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability."
"It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it."
"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."
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