Kim Campbell Quotes

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.

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.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

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

The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls' office. They think if only you spend and borrow more money you can create growth everywhere.

It would probably strike the average politician as absurd to argue that the best way to fix the economy is to stop trying to 'fix it.'

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

The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.

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

Austerity policy without currency devaluation can only hamper economic growth.

The idea that more taxes and more government spending is the best way to help hardworking middle class taxpayers - that's an old idea that's failed every time it's been tried.

And taking more money out of the private economy and having the government perform as it has poorly done with the stimulus I don't think is the right way to go.

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

We should be humble about our ability to stimulate the economy with monetary policy.

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

Faced with a deep recession, some say the answer is to expand the role of government.

There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.

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

A government can't cut its way out of a recession any more than you can dig yourself out of a hole.

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

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.

Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages.

Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.

The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.