Tony Blair Quotes

Monetary policy and fiscal policy are inseparable.

I don't think most of Congress understands how economics works.

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.

I reject the advice of those who think the only way to fight inflation is to throw millions of people out of work .... I guarantee you that I will not fight inflation with your jobs.

We are all Keynesians now.

Until Keynes, politicians had not needed economists for help in running the country any more than they had needed astronomers. But Keynes made them indispensible.

Politicians always seek a pain-free solution to economic problems, and the economists keep reminding us that there is no such thing.

Every Congressman, every Senator knows precisely what causes inflation...but can't, support the drastic reforms to stop it because it could cost him his job

I don't think Keynesian Monetarism has to be Democrat or Republican.

Everybody has to remember that economics is very tied to politics.

Whatever the economy needs to maintain itself, the government will do it.

The party in power almost always unapologetically engages in deficit spending, while the other party argues passionately against the evils of debt and deficits.

The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls' office. They think if only you spend and borrow more money you can create growth everywhere.

I didn't wake up one day and say, you know, 'Supply-side economics doesn't make sense.'

Republicans don't seem to mind taking inflation into account when the subject is tax rates.

People confuse economists and economic policy.

In a great financial emergency nearly every country has, at one time or another, been tempted to confuse the monetary with the fiscal functions of the Treasury. To borrow by the issue of money seems to have a seductive charm hard to resist.

It is no longer a matter of serious controversy whether the government should play a positive role in helping to maintain a high level of economic activity. What we debate nowadays is not the need for controlling business cycles, but rather the nature of governmental action, its timing and its extent.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Gerald Ford's economics is the worst thing that's happened to this country since pantyhose ruined finger-fucking.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

No one single thing that we do will control inflation

We should be humble about our ability to stimulate the economy with monetary policy.

Attempting to control inflation or protect the dollar by throwing legions of people out of work and shutting down shifts in our factories and mines is a hopeless policy.

What you need to be concerned about is the rate of inflation and the direction of interest rates. If they are both going in the wrong direction in 1980, you're not going to be re-elected.