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"Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work."
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"I never knew a government yet that wanted to do anything."
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Personal Development
"Every form of government tends to perish by excess of its basic principle."
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Personal Development
"Government is a contrivance of human wisdom to provide for human wants. People have the right to expect that these wants will be provided for by this wisdom."
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Personal Development
"I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office."
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Personal Development
"The United States Constitution has proved itself the most marvelously elastic compilation of rules of government ever written."
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Personal Development
"No more distressing moment can ever face a British government than that which requires it to come to a hard, fast and specific decision."
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Personal Development
"I don't mind what Congress does, as long as they don't do it in the streets and frighten the horses."
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Personal Development
"A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it."
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Personal Development
"Democracy is the form of government that gives every man the right to be his own oppressor."
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Personal Development
"There shall be no end to the government of God."
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"Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit."
Change
"If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth."
Home
"But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries."
Finance
"The more competitive value of the dollar turned around the trade deficit."
Economy
"I think that over the last few decades, we have seen better economic outcomes than in the past."
Past
"Domestic inflation reflects domestic monetary policy."
Policy
"The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit."
Finance
"And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets."
Science
"Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more."
Economy
"Inflation is lower and more stable and the real business cycle fluctuations are more modest."
Business
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