Lawrence Eagleburger Quotes

It is easy and quick to fritter away gains regarding macroeconomic stability.

Well, I think what we need to remember is that budget deficits can impede economic activity.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

China needs a currency that reflects underlying economic fundamentals.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.

Interest rates are used to achieve overall economic stability.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

Whip Inflation Now

The emerging economies, many of them are concerned. They didn't want the money to slosh in. They are afraid when the money sloshes out, but the tapering has to take place, and we have to be able to manage it.

I believe that the root cause of every financial crisis, the root cause, is flawed government policies.

I'm against using Petrobras to combat inflation.

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

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

And so we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

My theme this evening is that America needs a competitive dollar.

To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely.