Marc Faber Quotes

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.

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

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

I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

Trillions of dollars are being spent in the name of 'saving' the economy: bailouts, 'stimulus,' omnibus spending bills, budgets, government takeovers of the auto, health care and energy industries, all of which require ever more spending.

The president's grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars.

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.

When everything is going well, the role of the state in the economy should be limited. When we are in a crisis, it's different.

Capitalism doesn't function when it starts to contract, and we can see that quite clearly right here in the eurozone. It's like pushing a giant monster under water that's gasping for air. It goes nuts.

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.

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

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.

2008 was to the American economy what 9/11 was to national security. Yet while 9/11 prompted the U.S. government to tear up half the Constitution in the name of public safety, after 2008, authorities went in the other direction.

I take office during the most difficult moment in the country's recent history. The country can be saved - it's up to us. I think it is obvious for those who support this government to undertake the commitment and ensure that our country's euro membership is not endangered.

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

The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

It's become glib political conventional wisdom in Washington that a massive spending plan will provide a parachute rescue for a cliff-diving economy - landing it safely and with strong enough legs to move toward a healthy future.

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

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.

If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom.

I think people are sick and tired of bailouts, domestically and internationally.