Barry Eichengreen Quotes

If there's unemployment, having the government help reduce that unemployment, increase employment directly is a pretty good idea. It's not driving out competition; it's not crowding out.

The whole New Deal was in a sense just a series of public options, some more optional than others, that offered government as an alternative to the often-flawed private market.

It is not part of the functions of the national government to find employment for people - and if we were to appropriate a hundred millions for this purpose, we should be taxing forty millions of people to keep a few thousand employed.

If there are not sufficient jobs to go around then government must create jobs to give everyone an opportunity

I have seen the ravages of unemployment.... The government will never refuse to go as far as the resources of the country will permit [in order to help]. But do not ask it to commit acts that risk to compromise the balance of the budget.

The first duty of this government is to give the workers work.

The new frontier is idle men, money and machines, and all the resourcefulness, ingenuity and courage that reside in twelve or thirteen million unemployed men is helpless to take up this new frontier without tremendous organization of productive forces such as only government can supply when business is in the doldrums.

President Franklin D. Roosevelt had to find a way to help the American people. In 1933, he created a relief program known as the New Deal. Two years later, he expanded the New Deal by adding the Works Progress Administration, which was renamed the Work Projects Administration in 1939.

The economy is terrible it's been terrible for years now, and the reason it's bad is not because of a debt-ceiling vote. The reason it's bad is because we have people who believe that by making government bigger by keeping people on unemployment checks and on welfare we're going to dig us out of this mess.

What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.

Unemployment is due to the large import of goods from Britain and other countries. The Government haven't used the powers which they have for the benefit of the country.

Certainly, the job of a U.S. senator is to create a climate conducive to creating jobs, which is lower taxes and less government regulation. What Harry Reid has been doing is putting forward those policies that actually put more regulation on business.

I was criticized at some level within the Republican Party by those who say government should not be in the economic development business at all. My response is that the only country I know that doesn't have an economic development plan is Papa New Guinea.

The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.

The New Deal exists principally on an emotional plane for Obama. To him, the New Deal is something you play like a song, to make you or your constituents feel better.

Obama sees everything backward. Where Americans see individual achievement, he sees government's work. Where we see failing companies, he sees innovation worth subsidizing. Where we see the need for economic growth, he sees a need for higher taxes.

The so-called second New Deal of 1935 - including the Works Progress Administration, Social Security and the Wagner Act legalizing union labor - represented an effort to meet the rising voices demanding a more aggressive government approach to the collapse of national prosperity.

Government does not create jobs. It only helps create the conditions that make jobs more or less likely.

The New Deal is plainly an attempt to achieve a working socialism and avert a social collapse in America; it is extraordinarily parallel to the successive 'policies' and 'Plans' of the Russian experiment. Americans shirk the word 'socialism', but what else can one call it?

I shall continue to regard it as my duty to use whatever means may be necessary to supplement State, local, and private agencies for the relief of suffering caused by unemployment. With respect to this question, I have recognized the dangers inherent in the direct giving of relief and have sought the means to provide not mere relief by the opportunity for useful and remunerative work. We shall, in the process of recovery, seek to move as rapidly as possible from direct relief to publicly supported work, and from that to the rapid restoration of private employment.

To those who say that our expenditures for Public Works and other means for recovery are a waste that we cannot afford, I answer that no country, however rich, can afford the waste of its human resources. Demoralization caused by vast unemployment is our greatest extravagance. Morally, it is the greatest menace to our social order.

Immediate relief for the unemployed was the first essential

It's up to government to make work pay more than welfare.

The Democrats have an answer to the unemployment problem. They're all running for the Presidency.

Employment no longer responds to governments …