Mark Steyn Quotes

The Federal Reserve - all of them - could be sitting on a barrel of dynamite, and then pouring gasoline on top of it, and then light a cigar with matches, throw the match into the gasoline, and then not notice that there is any danger.

There is no safer place to put your money than in the middle of the U.S.

The global economy is unruly.

In a global marketplace with its increased insecurities and - indeed often - volatility and instability, national economic stability is at a premium, the precondition for all we can achieve, and no nation can secure the high levels of sustainable investment it needs without both monetary and fiscal stability together.

The emerging economies, many of them are concerned. They didn't want the money to slosh in. They are afraid when the money sloshes out, but the tapering has to take place, and we have to be able to manage it.

There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.

The Fed has the ability to put money out, it's got the ability to take money back in, and if they don't do that, we will have hyperinflation worse than we had in 1980 and 1981.

The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.

The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

I have done everything I can to move Britain out of the financial danger zone.

The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to growth and job creation in the U.S.

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger.

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.

We have one of the highest interest rates in the world, and we owe more money per capita than any other country. All we need is a nail hole in the bottom of the boat and we're sunk.