John W. Snow Quotes

U.S. capital formation, which has been pretty high in the '90s and very high in the late 1990s, is what is being financed by the savings of the rest of the world, generally poorer than ourselves, because our deficit on current account, chronic deficit, is their surplus, and they have been willingly bringing that to the American market.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.

With interest rates artificially low, consumers reduce savings in favor of consumption, and entrepreneurs increase their rates of investment spending.

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

Savings and investment are indissolubly linked. It is impossible to encourage one and discourage the other.

Trade balances are determined by national savings propensities, not exchange rates.

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.

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.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

We have to change economic policy: create confidence, foster investment, cut the public deficit, restructure taxation and reform the labor laws.

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

America knows it has got to deal with its deficit problems so that it, too, can promise it is making its proper and best contributions to the world economy.

Savings is the fundamental input for capital investment, and capital investment is the primary ingredient in productivity.

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

More travel to America would lower our trade and budget deficits.

Look, I don't dispute that the deficit has increased.

I am not worried about the deficit. It is big enough to take care of itself.

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

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.

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

The question is not really about a shift to the economic cone where officers are writing about the balance of payments and the need for economic stabilization.

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.