David Stockman Quotes - Page 2

The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.

David Stockman

Struggle, World, Today

Source: www.pbs.org

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Let's have honest interest rates. Let's let the free market set interest rates in that zone where supply of savings is matched up with demand for real borrowing for capital projects.

David Stockman

Real, Honest, Interest

Source: www.pbs.org

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I invest in anything that Bernanke can't destroy, including gold, canned beans, bottled water and flashlight batteries.

David Stockman

Water, Gold, Batteries

"David Stockman: U.S. Is in 'Race to the Fiscal Bottom'". Interview with Jennifer Depaul, www.thefiscaltimes.com. October 6, 2010.

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Latest quotes from interviews

"I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I think the Fed is making federal debt so cheap that Congress has no interest, Washington has no incentive to ever face up to our massive fiscal gap that is going to grow, and grow as we go forward in time and so we have a paralyzed system."

- David Stockman,

www.pbs.org, added Sep 19, 2017

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David Stockman

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Born: November 10, 1946
Occupation: Former Director of the Office of Management and Budget
Cite this Page: Citation

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