Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
More Quotes from 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
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.
Timothy Geithner
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.
Timothy Geithner
To do otherwise would run the risk that monetary policy would be too accommodative, pulling resources from the future in a way that would alter the trajectory for the growth of the capital stock, perhaps amplifying the imbalances, and compromising the price stability.
Timothy Geithner
And if all else were equal ... monetary policy in the affected countries would have to adjust in response policy would have to act to offset these effects in order to achieve the same impact on the future path of demand and inflation.
Timothy Geithner
The government can help, but we need to make this transition now to a recovery led by private investment, private.
Timothy Geithner
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Based on Keywords: consequential, fog, shadesI would rather write for the instruction, or even the amusement of the poor than for the amusement of the rich.
Frederick Marryat
The window to the world can be covered by a newspaper.
Stanislaw Lec