Political Quotes

Pat Toomey: “I think the suggestion has been that conventional understanding of the transmission mechanism of the increase in…”

On the recordJuly 17, 2013
I think the suggestion has been that conventional understanding of the transmission mechanism of the increase in household net worth to consumer spending would suggest a very modest increase to GDP.
Said by
Pat Toomey
Republican · Pennsylvania

Editor's note · Context

Toomey discusses the modest impact of quantitative easing on GDP.

Share

More from Pat Toomey

Dec 13, 2022

We owe it to each customer to get to the bottom of the FTX implosion, and any violations of the law should be aggressively prosecuted.

congress.gov
Aug 1, 2022

Under the Biden administration, the cost of housing has skyrocketed.

congress.gov
Dec 13, 2022

I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.

congress.gov
Aug 1, 2022

Affordable housing is growing further and further out of reach for many.

congress.gov

Other voices in this conversation