A Quote by Lou Jiwei

Austerity policy without currency devaluation can only hamper economic growth.

Lou Jiwei

Quote Topics

Austerity Currency Economic Economic Growth Growth Hamper Only Policy Without

Quote Author

Lou Jiwei
Chinese - Politician
Born: December 1, 1950

In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.

Elvira Nabiullina

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.

Lou Jiwei

The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.

Paul Craig Roberts

It is very difficult to enter a single currency zone having fairly weak economic parameters and maintain a favourable state of the economy, not to mention positive growth rates. We have witnessed it not only in Europe, but for example in Argentina (nearly 10 years ago or more), when they tied the national currency to the dollar and later they did not know what to do about it.

Vladimir Putin

Economic growth must be the central issue because it is only through growth that the devastating threat of national bankruptcy can be averted. Furthermore, it is only by reviving American economic growth that the West's global predominance can be sustained, and peace and freedom kept secure around the world.

Robert Zubrin

We are entering a new phase of European politics. What is decisive is not only do we have a single currency area, but also that it is accompanied by a co-ordinated economic and financial policy. We must drive forward tax harmonisation in Europe.

Oskar Lafontaine

State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.

Ludwig von Mises

The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.

Bill Gross

Inflation is not only unnecessary for economic growth. As long as it exists it is the enemy of economic growth.

Henry Hazlitt

The prevailing view is that the easy way to stimulate economic growth is to have a low currency.

Gary Cohn

Obviously, the domestic need is to shape an economic policy that assures long-term healthy economic growth and a reassertion of American competitiveness in international competition.

Walter F. Mondale

With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.

Joseph Stiglitz

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

Li Keqiang

Economic growth is the aggregate effect of the quest to accumulate capital and extract profit. Capitalism collapses without growth, yet perpetual growth on a finite planet leads inexorably to environmental calamity.

George Monbiot

Economic growth is the key. Economic growth is the key to everything. But once you have economic growth, it is important that we reach out to people who live in the shadows, the people who don't seem to ever think that they get a fair deal.