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David Malpass Quotes


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Quotes by David Malpass

Showing 11-16 of 16 Quotes by David Malpass

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.

~David Malpass

Topics: Cost Covered Debt Elections Endless Europe Generations Government Government Spending Leaving Neither Nor Obligated Off Pay Plan Politicians Practically Promised Spending Stop Taxpayers Up Win Wrong

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While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and forcing many unprofitable business decisions without the risk that it will be fired.

~David Malpass

Topics: Become Business Businesses Challenges Chooses Decisions Effect Expansion Facing Fired Forcing Government Huge Lip Lip Service Majority Many Often Over Own Partner Pays Profits Repeatedly Results Risk Service Silent Small Small Businesses Taking Washington While Will Without

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The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.

~David Malpass

Topics: Bigger Champions Clear Commitment Derivatives Encourages Fed Financial Fix Growth Inflation Instead Interest Interest Rates Layers Make Meanwhile Momentum Money More Powerful Problems Rates Reduce Regulation Should Stable Swings Trading Underlying Unstable Washington

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Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.

~David Malpass

Topics: Addict Addicted Contemplation Extraction Legal Little Moral Pause Politicians Revenue Spending

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Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.

~David Malpass

Topics: Accumulate America Better Breaking Children Come Covenant Debt Every Faith Federal Generation Generations Inherited Leave Must Obligation Our Position Reduce Representatives Sake Spending Than Washington

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The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt.

~David Malpass

Topics: Abject Been Books Credit Debt Failure Hurts Law Limit Limiting Misleading More Name National National Debt Our Purpose Rating Reducing Serve Spending Started Still

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Biography

Nationality: American

Type: Economist

Born: March 8th, 1956

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