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"Monetary policy itself cannot sensibly be directed at reducing imbalances."
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"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire."
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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."
Author Name
Personal Development
"Foreign aid is neither a failure nor a panacea. It is, instead, an important tool of American policy that can serve the interests of the United States and the world if wisely administered."
Author Name
Personal Development
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
Author Name
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."
Author Name
Personal Development
"Already, China has undermined U.S. foreign policy in efforts to gain access to oil resources in Iran and Sudan. We simply cannot separate the political and economic values of oil."
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Personal Development
"Domestic inflation reflects domestic monetary policy."
Author Name
Personal Development
"The United States has got to adopt a policy of befriending and creating allies around the world."
Author Name
Personal Development
"I see the policy of opposing same-sex marriages or unions, whatever you call it, as bigotry or discrimination."
Author Name
Personal Development
"We cannot be any stronger in our foreign policy for all the bombs and guns we may heap up in our arsenals than we are in the spirit which rules inside the country. Foreign policy, like a river, cannot rise above its source."
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"Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through."
Finance
"The choice is between which mistake is easier to correct: underdoing it or overdoing it."
Mistake
"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."
Peace
"Financial crises require governments."
Finance
"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."
People
"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."
Finance
"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
"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
"Most consequential choices involve shades of gray, and some fog is often useful in getting things done."
Choice
"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."
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