Quote of the Day
The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.
Despite the encouraging and wonderful gains and the changes for women which have occurred in my lifetime, there is still room to advance and to promote correction of the remaining deficiencies and imbalances.
Sandra Day O'Connor
Bipartisanship helps to avoid extremes and imbalances. It causes compromises and accommodations. So let's cooperate.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.
The degree of leverage now being reversed is staggering, and the underlying global imbalances - notably between the savers and the spenders - will require long and painful adjustment.
I was diagnosed with ADD - see also: raised on sugary cereals and cartoons - and manic depression. So I was prescribed Ritalin for the ADD, and for the manic imbalances I was prescribed mostly benzodiazepines, which I loved, and antidepressants.
The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.
Research suggests that large divisions of income and wealth weaken demand and generate economic imbalances that create instability and undermine growth.
It's clear that the medium and long-run fiscal challenges facing the country have to do with the rise of entitlement spending, they have to do with the longer run imbalances that we've created in the structure of the system.
Both depression and anxiety disorders, for example, are repeatedly described in the media as 'chemical imbalances in the brain,' as if spontaneous neural events with no relation to anything outside a person's brain cause depression and anxiety.
To try to correct imbalances with trade restrictions is a grave error.
Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.
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