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Christina Romer Quotes


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Quotes by Christina Romer

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You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.

~Christina Romer

Topics: Absolutely Biggest Comprehensive Crucial Economy Ever Expect Financial Fully History Housing Incredible Just Know Medicine Package Place Plan Put Recovery Rescue Right Simply Stimulus Thing Think Work You I Think

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The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.

~Christina Romer

Topics: Aggressive Bound Change Day Economy Effective Effective Way Expectations Lower Makes Most New New Day Out People Policy Say Shake Terrible Up Wake Wake Up Way Zero A New Day

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The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

~Christina Romer

Topics: About Amount Companies Consumers Crash Destroy Future Highly Income Information Large Led Made Make Market More October Particularly People Pessimistic Rather Spending Stock Stock Market Stop Them Unsure Very Waited Wealth

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Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.

~Christina Romer

Topics: Address Against American Better Confidence Depression Fight Foe Foreign Franklin Great Great Depression He His Measures Muster Raise Reassuring Recovery Resolve Roosevelt Same Understood Were Work Would

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Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.

~Christina Romer

Topics: Argument Based Competitive Deeply Disturbed Even Fairness Families Getting Hard-Working Little Many Minimum Minimum Wage Most Raising Redistribution Some Still Us Very Wage Workers

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I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

~Christina Romer

Topics: Down Financial Forces Institutions Mortgages Sensible Something Thing Think Underwater Would Write I Think

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A successful argument for a government manufacturing policy has to go beyond the feeling that it's better to produce 'real things' than services. American consumers value health care and haircuts as much as washing machines and hair dryers.

~Christina Romer

Topics: American Argument Better Beyond Care Consumers Feeling Go Government Hair Haircuts Health Health Care Machines Manufacturing Much Policy Produce Real Services Successful Than Things Value Washing

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There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.

~Christina Romer

Topics: About Asked Because Deficit Drunk Economics He His Joke Keys Light Looks Loses Only Problem Says Street The Problem With Them Where Who Why

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What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.

~Christina Romer

Topics: Because Compensation Efforts Financial Focused Going Heaven Least Like Long Long Term Minding Our Pay Reform Regulatory Rewards Risk-Taking Say Saying Sensible Shareholders Short-Term Should Store Term Things You

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Where we're coming down is we currently have $787 billion of stimulus that's been passed. We're certainly focusing on spending that money as quickly and as efficiently and as transparently as we can. We think that's absolutely the right strategy.

~Christina Romer

Topics: Absolutely Been Billion Certainly Coming Currently Down Efficiently Focusing Money Passed Quickly Right Spending Stimulus Strategy Think Where

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Biography

Nationality: American

Type: Economist

Born: December 25th, 1958

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