Mark Zandi Quotes

Economic depression cannot be cured by legislative action or executive pronouncement.

We used to think that we could spend our way out of a recession…. I tell you in all candor that that opinion no longer exists.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

In all modesty, we must admit that governments are not always the best doctors when it comes to diagnosing economic ailments and prescribing the right treatment.

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

Things swept so badly that I had distrust - after 1967, let's say - of American Keynesianism. For better or worse, U.S. Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian.

Crises are inherent to market economies, but managing them is the key to political success, and the media plays a vital role in getting the policy message across.

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

Whatever the economy needs to maintain itself, the government will do it.

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

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.

In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.

I take office during the most difficult moment in the country's recent history. The country can be saved - it's up to us. I think it is obvious for those who support this government to undertake the commitment and ensure that our country's euro membership is not endangered.

The Federal Reserve cannot solve all the economy's problems on its own.

It's become glib political conventional wisdom in Washington that a massive spending plan will provide a parachute rescue for a cliff-diving economy - landing it safely and with strong enough legs to move toward a healthy future.

The president's grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars.

Discussions of the economy, especially during times of crisis, are often framed in terms of lessons we supposedly learned during the Depression of the 1930s. If we are not to endure terrible times like those again, we are told, we must support whatever form of state intervention is currently being peddled.

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 harsh truth is that if the policy isn’t hurting it isn’t working. I know there is a difficult period ahead but the important thing is that we cannot and must not fudge the determination to stop inflation in its tracks.

There is one policy for recession or depression and another for good times.

While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.

The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.