Uday Kotak Quotes

In the '30s, the Keynesian stuff worked at least in the sense that you could print money without inflation because there was all this productivity growth happening. That's not going to work today.

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

Long before folks fretted the demise of 'quantitative easing,' I fretted its existence. It proved the reverse of its image, an antistimulus, and we've done okay not because of it, but despite it.

In effect, there has been a significant shortfall in the overall amount of monetary policy stimulus since early 2009.

Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.

There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic.

Aggressive government spending during the Great Recession was absolutely necessary.

We simply can't spend our way out of a recession.

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

I think the recovery hasn't been stronger because the hole that was dug for President Obama by the Bush administration was far worse than anybody could imagine, first of all.

What the president announced yesterday, is that somehow magically, if we just continue to prime the pump of taxpayer dollars, we're going to see magically an economic recovery.

Surely, the best and most effective measure is to get the economy moving and shorten the period of recession or slowdown. That's the rationale for Gordon Brown's 'fiscal stimulus' and it sounds like a good one to me.

Actually, I have been very supportive of a very robust stimulus package from day one. I think this economy has to have a major stimulus initiative because the only group with liquidity is the federal government.

In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.

To protect people's lives and keep our children safe, we must implement public-works spending and do so proudly. If possible, I'd like to see the Bank of Japan purchase all of the construction bonds that we need to issue to cover the cost. That would also forcefully circulate money in the market. That would be positive for the economy, too.

The global economy is spluttering back into life. The Tories would have left it to choke to death.

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

It took capitalism half a century to come back from the Great Depression.

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.

We don't tell New Zealanders we can stop the global recession, because we can't. What we do tell them is we can use this time to transform the economy to make us stronger so that when the world starts growing again we can be running faster than other countries we compete with.

Trillions of dollars are being spent in the name of 'saving' the economy: bailouts, 'stimulus,' omnibus spending bills, budgets, government takeovers of the auto, health care and energy industries, all of which require ever more spending.

How much would you pay to avoid a second Depression?