25 ordspråk av Stanley Fischer

Stanley Fischer

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We have a team arriving in Moscow at the end of next week that will have to look at the situation. Given what we know now about the changes in the exchange rate, the difficulties in the banking system and possible problems with the budget, it's clear the Russians will have to do quite a lot before that money can be released,

The recovery is not firmly in place. There is no reason to withdraw stimulus right now. The need is to make sure that the recovery in Japan is self-sustained -- and that means it's hard to see any good reason for monetary policy to tighten.

All the evidence suggests that the best way to grow is by integrating countries into the global economy. The policies we are supporting are policies that have been shown to work -- we have not been given any plausible alternatives.

All the evidence is that the best way to grow is to integrate into the global economy,

Some see it as a threat, some see it as an opportunity and some see it as inevitable,

The aggressive action by the Fed was extremely welcome,

The Fed clearly believes we've reached bottom or will reach it in a month or two. They believe there's a lot of expansion in the pipeline from the very low interest rates and from the fiscal expansion.

This is a society that has been so burned by inflation, that no politician who produces inflation by any magnitude is going to survive, so they can't afford it. And if they can't afford it that means they can't print large amounts of money so they're going to have to get the budget in some sort of order.

Unfortunately, the global economy seems to be depending totally on the U.S. at the moment.

We would have to renegotiate the monetary and fiscal program because Indonesia's economy has changed. Also, the exchange rate is way off from where we expected,

[But it has also led to some startlingly wide inequalities: environmental damage, disparities of education, poor working conditions, significant differences in wages,] factors that are part of the reason for the expected protests outside, ... We must work to right these inequalities.

This is errant nonsense from people who have not read or looked at the programs that the IMF supports.

It is in Israel's interests to avoid a collapse of the Palestinian economy.

I generally prefer to stand by the agreements we have signed with them (the Palestinian Authority).

I generally prefer to abide by agreements I've signed. So that is at least one rationale for transferring the money. There are all kinds of other rationales, but that is my starting point.

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