Timothy Geithner Quotes

Financial crises require governments.

The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.

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.

The truth of the matter of is that stimulus money not only doesn't stimulate; it actually reduces output.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda.

The U.S. have printed money; they intend to tax the rich in order to avoid the fiscal cliff. These are things that sees anyone who dares to propose them in Greece and Europe labeled an extremist, when at the same time, it's what Obama does.

We can't continue to kick the can when it comes to the fiscal state of this country.

I think stimulus money is an absolute mistake.

A Tory government with a decent mandate seems the only hope of tackling the fiscal catastrophe responsibly.

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.

It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013.

If we think we're going to solve our economic problems by monetary policy alone, we are mistaken. History shows that we have to employ fiscal policy as well.

To be sure, booms and busts will come and go. But their severity can vary dramatically based on the policies in place to prevent them. With stronger regulations, neither the housing and derivatives bubbles nor the eventual crash would have been so bad.

A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt

The only way governments or would-be governments respond to ills these days is by seeking to lower the temperature... and that tends to mean public spending.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

Budget consolidation and economic growth are two sides of the same coin.

A financial panic is a very bad thing, but a government panic can do far greater damage in a far shorter time.

Fiscal crises often turn into financial crises, dealing a blow to the real economy.

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

Civil servants are fully aware of the challenges the British economy faces. They are, after all, working tirelessly and professionally to support the coalition government through the current challenges, every day, and in every part of Britain.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.