L. Neil Smith Quotes

Keynesians are to economics what witch doctors are to medicine.

In the 1860s we used the national debt to save the Union. In the 1930s we used it to save the American economy. In the 1940s we used it to save the world.

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.

Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.

The federal budget deficit is the biggest single impediment to revitalizing the American economy.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Birthplace of Obama: Oahu. Birthplace of Obama's budget policies: Neverland.

What do you think a stimulus is? It's spending - that's the whole point! Seriously.

Page one of any economic plan to get America working is to give a pink slip to the current resident in the White House.

I would also say Barack Obama has spent much, much, much, much more money than the Republicans.

Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.

There is no left or right in economic management today.

Monetary policy and fiscal policy are inseparable.

When the economy shows signs of faltering, prompt countermoves are required. Even mild measures on the part of government can be effective in the early stages of an economic decline. ... If action is withheld until a recession has gained momentum, strong and costly measures may prove insufficient.

The best way to revitalize the economy is war, and the U.S. has grown stronger [economically] with war.

A national government has to be able to spend money in a recession to make up for the private money that is not being spent.

President Obama has contempt for real money.

Obama has so mismanaged the economy.

Keynes's contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.

I have actively opposed every bailout, every rebate check, every so called 'stimulus.'

The Obama 'stimulus' plan is a $1 trillion dollar gamble more suited to Las Vegas than Washington.

[Obama White House] rescued the economy from the worst recession.