Daniel Yergin Quotes

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.

There is a state that is able to understand the demand in the economy. That state should use prices as an instrument for implementation of this understanding.

We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.

Turkey is widely envied while there are very serious troubles in the world economy.

At the end of 1964, wholesale prices had been relatively stable for some years.

I'll see to it that prices remain stable. That's what I have my storm troopers for.

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.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

There is no need for government to intervene in money and prices because of changing population or for any other reason. The 'problem' of the proper supply of money is not a problem at all.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.

Economics runs the world.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

Much of what Tea Party candidates claimed about the world and the global economy during the 2010 elections would have earned their adherents a well-deserved F in any freshman economics (or earth science) class.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

Gordon Brown and Alistair Darling, in hosting the G20 summit and in the budget, must display the same boldness in tackling the instability at home that they do in promoting a worldwide answer to the global meltdown.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

When you have a perfect free market, it's difficult to predict the future. But when you have a market that is disturbed by government manipulations and money-printing, it's impossible to make any predictions.

The job of the Central Bank is to worry.

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

I've got a chart here that shows our debt-to-GDP ratio. And while we did run deficits in the past, we now number our debt in trillions rather than in billions. And I think that represents a long-term danger, especially to the, the American dream.