A Quote by Paul Krugman

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

Paul Krugman

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Advanced Borrow Capable Crisis Currency Debt Economies Governments High High Level Know Levels Own Running Stable Up Very Without

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Paul Krugman
American - Economist
Born: February 28, 1953

I do think that all economies need a sense of fiscal discipline especially over the midterm and if you are in the middle of a debt crisis you can't borrow your way out of a debt crisis. That's logically impossible.

Stephen Harper

None but a people advanced to a high state of moral and intellectual excellence are capable in a civilized condition of forming and maintaining free governments, and among those who are so far advanced, very few indeed have had the good fortune to form constitutions capable of endurance.

John C. Calhoun

For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The shift to a high sovereign-debt-yield equilibrium would make it impossible to achieve fiscal balance.

Michael Spence

Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.

Michael Hudson

This accumulated debt at all levels of our society poses an immediate existential threat to America. Now unlike the manufactured crises of global warming and healthcare, this is a true crisis. This crisis threatens the very sovereignty of our country.

Steve Bannon

You talk to any of the job creators, and they'll tell you one of the things that concerns them the most is the debt. And so high levels of indebtedness are going to lead to high levels of taxation, which lead to high level of unemployment.

Jeb Hensarling

When you bring telomerase RNA levels down by using a mechanism that targets the RNA for destruction, the cells which were running on very high telomerase levels are now running on a lean diet of telomerase.

Elizabeth Blackburn

While I enjoy teaching people on the basic and intermediate levels to work them up to advanced levels, my real talent is for the advanced students. You could say that I'm like a ninth-degree black belt in martial arts.

Frederick Lenz

The biggest threat to advanced economies is that debt will accumulate until the overhang weighs on growth.

Carmen Reinhart

I think it's important that people know what raising the debt ceiling is. It's Congress giving permission to the federal government to borrow more money that we don't have, and we borrow it for the purpose of spending it.

Michele Bachmann

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.

Paul Ryan

The great challenge of the 21st century is to provide good standards of living for 7 billion people without depleting the earth's resources or running up massive levels of public debt. To achieve this, government and business alike will need to find new models of growth that are in both environmental and economic balance.

Paul Polman

The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.

William J. Clinton

The basic aggregate measure of gearing or leverage is telling us that today's advanced economies' operating systems are more heavily dependent on private sector credit than anything we have ever seen before. Furthermore, this pattern is seen across all the advanced economies, and isn't just a feature of some special subset (e.g. the Anglo-Saxons).

Alan M. Taylor

Bet on black. Buy low-debt or no-debt companies. When the economy is in trouble, these companies usually have enough cash on hand to stay out of trouble. And they seldom need to borrow when interest rates are high.

Nancy Dunnan

To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

Raghuram Rajan

A Quote by Paul Krugman

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