"The choice is between which mistake is easier to correct: underdoing it or overdoing it."

Timothy Geithner, American Public Servant

Mistake, Choice

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"The choice is between which mistake is easier to correct: underdoing it or overdoing it."

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Explore more quotes by Timothy Geithner

"This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize."

Business, Crisis

"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, Uncertainty

"Although this crisis in some ways started in the United States, it is a global crisis. We bear a substantial share of the responsibility for what has happened, but factors that made the crisis so acute and so difficult to contain lie in a broader set of global forces that built up in the years before the start of our current troubles."

Lie, Crisis, Responsibility, states

"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, Financial, Living, Now, World

"The choice is between which mistake is easier to correct: underdoing it or overdoing it."

Mistake, Choice

"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."

Commitment, Confidence, Future, Tax

"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, Will

"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 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, Financial, Economy, Needs, Order

"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, Financial, Behavior, Past