Said Musa Quotes

As austerity measures were foisted upon Greece, Ireland, Portugal, and other highly indebted countries, growth was rendered even more elusive, aggravating unemployment

The emphasis so far on fiscal austerity, while to a degree necessary for the countries facing market funding difficulties, is excessive when carried out across the board.

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.

Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.

The three main political parties all agree the UK deficit is high and needs to be brought down. All agree that it is easier to get a deficit down if you have faster growth, cutting unemployment-related costs and raising revenues.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

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

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

Europe needs to make its first, second and third economic priorities economic development.

For too long, our nation has relied on low interest rates rather than undertaking the necessary long term necessary economic reforms.

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

The state is out of control, the state is on a spending binge, the state has to stop putting itself in a hole that's getting deeper and deeper and deeper.

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.

Gradual fiscal consolidation may also be stimulative in the short run.

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.

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

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.

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.

In the past, proactive fiscal polices almost always meant just more investment and an increase in the fiscal deficit.

I'd be happy to have regular face-to-face meetings at Downing Street with David Cameron to argue the case for alternative economic policies.

Austerity policy without currency devaluation can only hamper economic growth.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

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.