A Quote by Janet Yellen

A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.
Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.
I think the government lost control over fiscal policy in UPA-2. But it is possible to suggest that the momentum of the populism of UPA-1 did the damage when the economy slowed down, but government spending could not.
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half.
The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.
In the past, proactive fiscal polices almost always meant just more investment and an increase in the fiscal deficit.
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.
There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'
As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
Where fiscal space is low, fiscal policy needs to adjust in a growth-friendly manner to ensure public debt is on a sustainable path, while protecting the most vulnerable.
The world could be anything, you know, It could be a solid state matrix of some sort. It could be an illusion. It could be a dream. I mean it really could be a dream.
What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequate to the economy’s needs.
As a fiscal conservative, I believe one of the most important roles the federal government can play in assuring that our economy remains strong is to keep our fiscal house in order.
Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.
... two men could be just alike in all their dispositions to verbal behavior under all possible sensory stimulations, and yet themeanings or ideas expressed in their identically triggered and identically sounding utterances could diverge radically, for the two men, in a wide range of cases.
There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations.
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