Paul Kasriel Quotes on Government (4 Quotes)

He goes up to Congress, and they ask him questions about everything except monetary policy. It's unprecedented that a central banker is sort of viewed as an omniscient economic policy czar. It's not his responsibility.

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.

Oddly enough, corporations are lending to the government sector and to the household sector to finance our spending. That's not really a good mix. What leads to growth for our economy is business investment.

Given all the other spending we're having to do for homeland defense and the military, my suspicion is that inflation is going to be higher than what the White House thinks and probably what economists in the Blue Chip survey and Congress think as well. Historically, when we've seen a pickup in government spending concentrated in military spending, you tend to get somewhat higher inflation.