Mobutu Sese Seko Quotes

The International Monetary Fund is the doctor to sick economies.

The good thing about the IMF is there is no European politics involved.

The IMF is set up to deal with liquidity crises.

Political leaders cannot survive as advocates of near-permanent austerity on the basis of directives imposed from abroad.

When you compare the relatively modest tax that will ensue from prohibiting companies from receiving a subsidy and deducting that subsidy, the benefits dramatically outweigh the costs.

Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

We are spending more as a percentage of our entire economy, almost 25 percent, than we have spent at any time since the end of World War II.

Right now the problem in Thailand is we have high debt, but we don't know how to earn the new source of revenue back to Thailand. This is my job.

The bailout of Fannie Mae is completely off the books. It's going to cost us hundreds of billions of dollars. Yet nobody is placing this in any type of column in accounting for federal debt.

In a world where wealth is growing, you can get away with printing money. Doubling the debt over the next 20 years is not a problem.

But such IMF pressure is very much helpful for me to push such a, you know, reform. So in this sense I think IMF is very much helpful for alien society.

If we don't get this economy going, the numbers that represent this stimulus package are going to be small compared to the loss of revenue to the federal government for our economy.

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.

The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.

The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level.

As a matter of fact, if you do not take into account, as Congressman Ross just stated, the Social Security surplus, our fiscal deficit, ladies and gentlemen, is over $700 billion today.

If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.

So much of what happened to India late last year and early into 2011 is the same story we've seen with other big emerging markets, and that is that investors started to realize that the growth trajectory in India would have to get moderated by tightening policy.

Because what happens is, as the economy suffers, tax revenues go down. But unlike businesses, where at least your variable costs go down, in government your variable costs go up: unemployment insurance, workmen's compensation, health care benefits, welfare, you name it.

President Obama started with a much weaker economy than I did. Listen to me now. No president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years.

Inflation is one form of taxation that can be imposed without legislation.

Nearly every one of the foreign financial crises of recent decades has led to an increase in the U. S. trade deficit.

There's no such thing as a painless cure for inflation.

You can’t trick up your exchange rate without paying for it.