A Quote by Wright Patman

In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.

Wright Patman

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Accountable Actions Affect Body Case Congress Control Day Democracy Economic Economy Elected Election Election Day Exist Federal Federal Reserve Follow General General Welfare Government However Independence Levers Men Most Most Powerful Moving Normally Our People Policies Powerful President Representative Reserve Responsibility Responsible Rests Two Welfare Which

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Wright Patman
American - Politician
August 6, 1893 - March 7, 1976

We have always been a party that has had policies on everything, from education to the economy to the environment. We have always said that, if you are serious about the environment, then the policies that you need to change most are the economic policies.

Caroline Lucas

Instead of having a set of policies that are equipping people for the globalization of the economy, we have policies that are accelerating the most destructive trends of the global economy.

Barack Obama

If they understand, which I believe they really are sensing, that the alternative the Republicans have been offering is to repeal what we've done, to go back to Bush policies - and if you asked the public what would you prefer, Bush economic policies or Obama economic policies, they take and prefer Obama economic policies.

Carl Levin

If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.

Wright Patman

Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.

Wright Patman

I have always believed that the ultimate purpose of economic policies and development policy is to meet the basic needs of our people. And for that, we need a fast-expanding economy.

Manmohan Singh

The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

Ron Paul

It is sometimes suggested that the [Nazi economic] recovery was a product of a specific fascist economic strategy, which distinguished it from the recovery efforts of other capitalist states. While few would disagree that the Nazi regime had a number of clear ideological preferences when it came to the economy, the policies pursued in 1933 had much in common with those adopted in other countries, and with the policies of the pre-Hitler governments.

Richard Overy

The biggest threat to our economy comes from the loony left economic policies of the Democrats, which would scare off investment and bring back stagnation.

Steve Hilton

Our economy is robust and will remain strong as more Americans who want a job find one. Republican economic policies based on tax relief are working for the American people.

Dennis Hastert

Addressing the climate and biodiversity crises requires us to radically change our economic models, moving away from economic growth as the over-riding measure of progress and moving instead towards improving health and wellbeing for people and nature. That means a different economic model taking us towards a sustainable economy.

Caroline Lucas

Progressive economic policies lead to a sustainable economy.

Keith Ellison

We need to remake and reinvent our housing system so that it supports the flexibility and mobility of our economic system broadly. Home-ownership is rewarded by the federal tax code, which made great sense when that piece of the American Dream, and all the consumption that came with it, was essential to rebuilding the economy. These days, however, it feels like a huge penalty to people who want to travel light within the new mobile economy without a mortgage to hold them back.

Richard Florida

After 20 years in Congress, I still believe that smaller government and lower taxes are the most effective economic policies.

Howard Coble

The economic dynamic in Zimbabwe is perversely robust: while ordinary people suffer, black-market dealers and people with foreign bank accounts prosper, making them powerful stakeholders in the perpetuation of devastating economic policies.

Samantha Power

After the 1929 crash, the Federal Reserve mistakenly focused its policies on preserving the gold value of the dollar rather than on stabilizing the domestic economy.

Ben Bernanke

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