Robert Lucas Jr. Quotes

The best deficit reduction program is a growing economy.

The federal government now spends one of every four dollars in the entire economy. It borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.

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.

If we don't get a grip on government spending, there will be no growth.

Deficits. Most people of knowledge say it's the biggest single problem facing the economic free world.

If we have a common currency, the main regulator for policy in the country is the fiscal policy.

Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

You don't get an economy growing by raising taxes.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

When the economy is growing, there's a lot that can be done to deal with the deficit.

Interest rates are used to achieve overall economic stability.

I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.

Most of the policies that support robust economic growth in the long run are outside the province of the central bank.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

It is better to implement reforms in times of economic strength.

It’s hard for the opposition party to break in when things are going well economically.

A dynamic economy, with more citizens working and paying taxes, will be our strongest tool to bring down budget deficits

We are all Keynesians now.

American economic history does not support the idea that a strong economy depends on chronic federal borrowing.

The American economy is like a huge aircraft carrier. It doen't turn fast. That's why you can't judge a new president by what happens in his early months.

Monetary policy should never have been expected to shift economies to a sustainably higher growth trajectory by itself.

Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment.