Stephen Moore Quotes

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

There are always, of course, job losses of a cyclical nature in a recession.

We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export.

A robust economy is a source of national strength for Japan.

The higher interest and higher inflation is a vicious cycle.

A strong economy is the source of national strength.

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

Not every business cycle has a financial crisis. Frequently they do.

The more competitive value of the dollar turned around the trade deficit.

I think the U.S. economy wants to be strong. It wants to be.

No President has yet repealed the business cycle.

The Federal Reserve's job is to take away the punch bowl just when the party gets going.

No country can violate the laws of economic gravity too long.

Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.

Economies are about momentum.

The worst failures of the Federal Reserve have come from waiting too long tp tighten monetary policy during expansions, not from loosening it too much during recessions.

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

We have depressions about every 10-20 years—just long enough for the current generation to forget the last depression.

At some risk of oversimplification, I suggest that the usual reason a business cycle turns into a monster is an overdose of government policy.