8 David Malpass Quotes for You to Enjoy

David Malpass

American Economist

Born: Mar 8, 1956

Because Become Government Problems World You

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control. David Malpass

Government You Constitution Control Gone Think Way Out Would Trillion Given Only Could Federal Federal Government Federal Reserve Never Tenth Supposed Beyond Powers Said Gotten Were Amendment Explicitly Reserve Assets

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

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

It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform. David Malpass

World Our Corporate System Rate Terms Because Block Up Reform Tax Place Tax Rate Tax Reform Last Set Coincidence

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of job losses. David Malpass

Mistake Financial Job Mistakes Single Resolve Assumption Panic Job Losses Would Brothers Bear Could Had Without Losses Led Bankruptcy Biggest Biggest Mistake Epidemic Series Washington

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

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

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

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

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

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

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