Raghuram Rajan Quotes

We cannot cut our way to prosperity.

It is better to implement reforms in times of economic strength.

The British economy of the future must be built not on the shifting sands of boom and bust, but on the bedrock of prudent and wise economic management for the long term. It is only these firm foundations that we can raise Britain's underlying economic performance.

Stability is necessary for our future economic success.

You cannot have a society where you spend more than you earn. I mean, it's just fundamentally not viable in the long run.

Good economic policy requires not so much the bravado to implement drastic change as the strength and wisdom to make reasonable trade-offs over the many years it takes to transform a country's standard of living.

I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment: 'steady as she goes'.

Without deficit reduction, we cannot have sustained economic growth.

Our ability to estimate our deficit 20 years out is nil. We should not twist our economy like a pretzel over such an projection…. Growth in the short run raises the level of long run potential.

When the times were good, many leaders neglected to keep pushing reforms and to invest profits wisely. As a consequence, their nations are now struggling to sustain growth.

The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks.

There are some things that are under our control, and that is to ensure that we ourselves follow sound macroeconomic stability rules.

Prosperity cannot be restored by raids upon the public Treasury.

But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

We are not jumping on the austerity bandwagon. A healthy economy is by far the most important thing for Social Democrats.

My policy in America is, 'Steady growth is forever.'

Society can take two roads - the road to genuine prosperity, or the road to artificial stimulus. The first results in a permanent higher standard of living for all; the latter creates an inflationary boom that cannot last.

Near-term deficits are temporary and manageable if - and only if - we keep spending in check, the tax burden low and the economy growing.

Fiscal discipline is a priority in Romania, and we have already proven we are committed and able to make real progress in this area.

This Budget reflects a choice - not an easy choice, but the right choice. And when you think about it, the only choice. The choice to take the responsible, prudent path to fiscal stability, economic growth and opportunity.

America is a center right government, center right people. They want government but they don't want it to be excessive. They want it to be affordable. And most importantly what Americans want is to pass on to their next generation their children a country that's better, stronger and more vibrant and more prosperous.

If we are to maintain our position as a global economic leader, we've got to end the govern-by-crisis mentality that sets us back instead of moving us forward.

What will growth policy have to look like in a fiscally compacted Europe? Clearly any illusion of budget stimulated growth policy will have to go away.

It is the mission of the next Conservative Government to build the Responsible Society.

During these continued tough economic times, writing a sensible, fair budget that provides real opportunities for Washington families, workers and businesses is always a challenge.