Those who have lived through the 1970s remember the tremendous toll that accelerating inflation took on the economy and vowed to never make that mistake again,
More Quotes from Paul Kasriel:
If we have a rising unemployment rate, we're going to see some tightening in credit terms to the household sector, which has been keeping things going,Paul Kasriel
Basically we made a lot of ill-advised investments. We need to readjust the economy, and cheap credit isn't necessarily going to be the way to do that.
Paul Kasriel
If Republicans were to regain control of the Senate, the probabilities of some major tax cuts would go up quite dramatically. If those tax cuts were implemented, this would have a positive impact on both the economy and the stock market.
Paul Kasriel
We really don't want to give Greenspan a grade yet. You want to wait a year or two to see whether the seeds turn to weeds.
Paul Kasriel
This is a warning signal ... that we are on recession watch now.
Paul Kasriel
For the Bush administration, Hubbard is a good soldier, he's out there being a cheerleader and the Fed says everything's OK. But you can't see their hands behind their backs, with their fingers crossed.
Paul Kasriel
Readers Who Like This Quotation Also Like:
And the first commandment of feminism is: I am woman; thou shalt not tolerate strange gods who assert that women have capabilities or often choose roles that are different from men's.Phyllis Schlafly
We have been learning since we were children how to make money, buy things, build things. The whole education system is set up to teach us how to think, not to feel.
Yakov Smirnoff
I enjoy hats. And when one has filthy hair, that is a good accessory.
Julia Roberts