American - Economist | August 2, 1939 -
We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
John W. Snow
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We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality.
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You don't fix the problem until you define it.
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Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.
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Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
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Well, I think the global economy is in the position for continuing good growth with inflation well in check.
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Well, I think the best thing we can do for the short term is move good energy legislation through to the Congress; I'm encouraged that there's some prospect for that now.
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Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
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We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.
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We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
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We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
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We have the deepest and most liquid capital markets in the world.
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