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.
More Quotes from Timothy Geithner:
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.Timothy Geithner
Financial crises require governments.
Timothy Geithner
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.
Timothy Geithner
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.
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.
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.
Timothy Geithner
Readers Who Like This Quotation Also Like:
Based on Topics: America Quotes, Money & Wealth Quotes, Strategy Quotes, World QuotesBased on Keywords: devalue, feasible, viable
I also try very hard to create characters - both heroes and villains - with psychological depth.
Jeffery Deaver
I'm more interested in the meaning of funerals and the mourning that people do. It's not a retail experience. It's an existential one.
Thomas Lynch
The two most precious things this side of the grave are our reputation and our life. But it is to be lamented that the most contemptible whisper may deprive us of the one, and the weakest weapon of the other.
Charles Caleb Colton