Vijay Quotes

Demonetisation was a big flop, and its outcome was negative. The government has done nothing to get back black money.

Demonetisation was not a decision of UP government. It is the central government's decision.

Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy.

Demonetisation is going to result in long-term gains for the country.

I don't mind going back to daylight saving time. With inflation, the hour will be the only thing I've saved all year.

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.

Indian Prime Minister Narendra Modi turned the narrative around on demonetisation very quickly by promoting the move as one way of ending systemic corruption in the country.

The Finance Ministry can bring about real social change.

Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.

Demonetisation was a defining moment in the government's war on corruption and black money.

I devalued the peso solely looking after the poor.

When I was Governor, Louis Kelso went out of his way to brief me. I was very impressed, but I was never able to get any of the economists in state government to give him the help his plan deserves.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

What's going to happen - things we're doing are going to have some inflationary consequences.

In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to revive capitalist prosperity - just empty sermons.

I do not know what horrified me most [during the depression]: the economic misery of my companions [or] their moral and ethical coarseness.

We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.

I regard the inflation acts as wrong in all ways. Personally I am one of the noble army of debtors, and can stand it if others can. But it is a wretched business.

Of course we believe these things. We believe in social security. We believe in work for the unemployed. We believe in saving homes. Cross our hearts and hope to die! We believe in all these things. But we do not like the way that the present administration is doing them. Just turn them over to us. We will do all of them, we will do more of them, we will do them better and, most important of all, the doing of them will not cost anybody anything!

Examine the legacy that we inherited and what we did. We had boom-and-bust economics and a doubled national debt.

I served on the budget committee in the Senate, and I remember as vividly as if it were yesterday when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt - outrageous in my view.

I've never seen people as physically distraught as the Bush administration team was because of what was happening to the economy. I personally believe that the steps that President Obama took saved the economy. He doesn't get the credit he deserves for taking some very hard positions. But it was a terrible recession. So now we've dug ourselves out of it, we're standing, but we're not yet running.

It makes a difference who the treasury secretary is.

I know what it's like to see someone lose their job as a result of the European Union. I saw my father lose his job, I saw his business go to the wall, I saw 24 people who he employed also lose their jobs.