Political Quotes

As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the long run.

Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.

GSE-type organizations are not essential to successful mortgage financing. Indeed, many other industrial countries without GSEs have achieved homeownership rates comparable to that of the United States. One device that has been widely used…

It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.