Arun Jaitley Quotes

Government can’t deliver a free lunch to the country as a whole. It can, however, determine who pays for lunch.

The surpluses of the [19]90s were the result of a growing economy. They were not the result of government policy.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

A market that's as open as possible is the precondition for a successful economy, and a successful economy is the precondition to being able to pay for social security.

People confuse economists and economic policy.

My background in financial services and my experience as a state representative have given me the ability to identify our country's fiscal problems and find steps to remedy them.

Deficits aren't always bad if you invest the money.

The essence of government is making necessary choices between competing uses of public resources.

A national debt is the price of liberty.

When I was the finance minister, I got on well with the RBI Governor.

You can't spend your way to prosperity.

History speaks pretty clearly that the markets do better with Democrats. Republicans' ideas of what constitutes fiscal responsibility simply are not good for the stock market. Democrats have many tendencies, but one of them is to look after the workers, and actually that tends to be good for demand and good for markets.

It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves.

Mitt Romney, you can criticize him for a lot of things, and that's fair, but he knows how the economy works.

Government is just spending too much money.

The government that came into power after the April 1994 elections was going to need a budget. It was drafted by our finance minister, Derek Keys, and he convinced them of the necessity to stay within the free-market principles that had been in force in South Africa for decades.

I believe - I'm not a political expert, but I believe there is a broad consensus, a middle ground if you will, that Democrats and Republicans, business people and workers can agree on, to get this - the economy growing faster, getting people back to work.

I have spoken about deficits, and I think deficits are important because they address broad economic and financial stability. We need to talk about that.

Entitlements seem to grow with prosperity; not only because they are indexed to inflation or GDP, but also because a prosperous country tells itself it can afford more benefits.

In the United States we have the great Harvard Business School, but America is the country with the greatest debt in the world.

I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.

There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

You don't want to get so distracted, focusing on what the opposition is putting forth that you forget to remind America that the real issue is 8.3 percent unemployment, virtually no growth at all in an economy that has been in shambles for the last four years under Obama.

Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.