A Quote by John H. Makin

The fact that global savers accommodate U.S. consumers by keeping U.S. interest rates lower than they otherwise would be and the dollar stronger than it otherwise would be is simply a manifestation of America's comparative advantage at supplying wealth storage facilities.

John H. Makin

Quote Topics

Accommodate Advantage America Comparative Comparative Advantage Consumers Dollar Facilities Fact Global Interest Interest Rate Interest Rates Keeping Lower Manifestation Otherwise Rates Simply Storage Stronger Than Wealth Would Would Be

Quote Author

John H. Makin
American - Economist
May 29, 1943 - March 30, 2015

Be what you would seem to be - or, if you'd like it put more simply - never imagine yourself not to be otherwise than what it might appear to others that what you were or might have been was not otherwise than what you had been would have appeared to them to be otherwise.

Lewis Carroll

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.

Alan Greenspan

What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.

Uday Kotak

I do like low interest rates. I'm not making that a big secret. I think low interest rates are good. I like a dollar that's not too strong. I mean, I've seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar.

Donald Trump

A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

Robert Rubin

Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise.

Rodrigo Rato

Abraham Lincoln did speak about keeping the man before the dollar, but he was talking at that moment about slavery, and referring to keeping the humanity of the slave higher in view than the self-interest of the slaveholders. This does not quite make Lincoln a challenger of the corporations; in fact, he prefaced those words by saying that Republicans were for the man AND the dollar.

Allen C. Guelzo

Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.

Thomas Sowell

Low interest rates wipe out savers and devastate middle-class workers. The banksters have orchestrated this wealth transference of trillions, from the poor to the very wealthy. At the expense of everybody who isn't at the top.

Max Keiser

All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.

Ludwig von Mises

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.

Ben Bernanke

We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right.

Joseph Stiglitz

I think people will always do have an interest in policy areas, but Brexit is certainly got people talking and thinking and, so, probably more engaged than they would otherwise be.

Andrea Leadsom

Our research indicates that, for example, the physical risks of climate change - both the direct risks to facilities, but also the indirect risks to economic growth and otherwise, are more pronounced and happening more quickly than a traditional perspective would suggest.

Brian Deese

To the distracting occupations belong especially my lecture courses which I am holding this winter for the first time, and which now cost much more of my time than I like. Meanwhile I hope that the second time this expenditure of time will be much less, otherwise I would never be able to reconcile myself to it, even practical (astronomical) work must give far more satisfaction than if one brings up to B a couple more mediocre heads which otherwise would have stopped at A.