Patrick Toomey said...

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.

Context

Toomey discusses the modest impact of quantitative easing on GDP.

07/17/2013

https://www.congress.gov...

More Patrick Toomey Quotes

Critically, my budget would also keep our nation on a sound fiscal course.
3/29/2022
The top 1 percent make about 20 percent of all the income, pay about 40 percent of all the taxes.
3/29/2022
President Biden would make this shortfall worse by suspending the Federal gas tax for 3 months.
7/11/2022
We must act now.
7/13/2022

View All Patrick Toomey Quotes