Paul Samuelson Quotes

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.

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.

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.

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.

The Federal Reserve cannot solve all the economy's problems on its own.

I don't accept as an article of faith that lots of short-term stimulus boosts the economy and gets us back on the long-term trajectory.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.

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.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

We are all Keynesians now.

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

Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic power and to political pelf and privilege.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

Faced with a deep recession, some say the answer is to expand the role of government.

I don't think Keynesian Monetarism has to be Democrat or Republican.

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

A government can't cut its way out of a recession any more than you can dig yourself out of a hole.

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

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

I am not a monetarist, and I am not a Keynesian. On certain points I agree with each.

Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.

It would probably strike the average politician as absurd to argue that the best way to fix the economy is to stop trying to 'fix it.'

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