2214 quotes by economists for you to enjoy

We should not forget the principles of Christian mercy and justice: to welcome back those who are repentant and need our assistance, while encouraging the faithful to endure to the end. Mark Skousen

Justice Welcome Mercy Faithful Christian Back Our Those Principles Encouraging End Forget Endure While Should Who Assistance Need

The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages. Mark Zandi

Government Learning Financial Party Tea Financial Crisis Crisis Out Some Born Federal Troubled Federal Government Mortgages Contemplating Principal Felt Reducing American Disgust Tea Party Many Even Early

Our economy isn't going to recover until the housing market finds its footing. Mark Zandi

Market Our Finds Recover Footing Economy Until Housing Housing Market Going

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem. Mark Zandi

Problem Law Ceiling Debt Debt Ceiling Get Rid Need

Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense. Mark Zandi

Housing was ground zero for the Great Recession. Between early 2006 and Obama's inauguration in 2009, average house prices fell by a third across the country. In certain areas, including cities as diverse as Akron, Orlando and Las Vegas, house prices fell by more than half. Mark Zandi

Great Country Half Recession Cities Obama Diverse More Area Prices Vegas Between Fell House Housing Than Average Inauguration Certain Across Ground Ground Zero Including Orlando Zero Las Vegas Early Third

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. Mark Zandi

Today Great Problem Financial Made Recession Too Market Way Broader Bad Followed Bubble Mortgage Calamity Economy Particularly Tight Housing Housing Market Contrast Get Paved Creating Hard Credit Millions Loans

In a forbearance, the homeowner pays interest and principal on a smaller mortgage, at least for a time, but still owes the full amount. The lower monthly payment helps with affordability, giving stressed homeowners a break. Mark Zandi

Time Giving Owes Monthly Smaller Mortgage Forbearance Principal Least Still Break Interest Lower Full Payment Pays Helps Amount Stressed

It is time to move on. House prices won't rise and the economy won't fully engage until more distressed properties are resolved and put back into ordinary use. Mark Zandi

Time Move On Resolved Back Distressed Rise Properties More Prices Put Economy Until House Move Ordinary Engage Use Fully

It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears. Mark Zandi

Business Programs Local Spend Local Governments Collateral Jobs Enthusiastic About Small Small Business Small Business Owners Prices Disappears Prospects Economy House Forced Households Revenue Falling Governments Owners Cut Use Business Owners Hard Less Homes Loans

There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments. Mark Zandi

It has become fashionable to rail against government intervention in the economy, and the FHA is a favorite example by those trying to show the government's overreach. In reality, the FHA shows how government action during the Great Recession forestalled a much worse economic fate. Mark Zandi

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity. Mark Zandi

Depression Great Maturity Three Great Depression Indeed Crisis Out Significant Born Part Mortgages Also Mostly Due Caused Bullet Were Five-Year Did Which Full Early Loans

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. Mark Zandi

Today Loan Will Become Difficult Market Market Share Borrowers Costly More Higher Share Mortgage Attractive Household Becomes Private Score Than Get American Average Average American Grow Credit Loans

The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. Mark Zandi

Success Finance Government Great Strong Nation Recession Intervention Evidence System Would Mortgage Economy Also Although Messy Without Been Provides Lot Role Should Play Things

My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat. Mark Zandi

Will Democrat Policy Any Whether Republican Ask Help Who

The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half. Mark Zandi

Half Increase President President Barack Obama Way Obama Would Would-Be Some Proposed Almost Clearest Fiscal Current Tax Holiday Barack Barack Obama Cut Payroll Payroll Tax Extend Drag

It is easy to be pessimistic. These are extraordinarily difficult times, and the collective psyche is teetering. But we are closer to righting the wrongs that got us into this economic mess than most of us believe. Mark Zandi

Collective Believe Difficult Extraordinarily Easy Economic Most Wrongs Mess Got Times Than Closer Psyche Us Pessimistic Difficult Times

The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets. Mark Zandi

Financial Markets Financial Markets Between Economies Global Principal Trade Commodity Japan

In the fourth grade, my history teacher gave us a project: Why was the auto industry located in Detroit, Michigan? I didn't know I was going to be an economist, but I knew I was going to do something that was involved in answering questions like that one because I thought that was a fascinating question. Mark Zandi

Teacher History Thought Gave Project Located Something Detroit Knew Economist Like Know Involved Industry Because Answering Question Questions Michigan Grade Going Auto Auto Industry Us Fascinating Why Fourth

A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output. Martin Feldstein

Business Saving Possible High High Level Temporarily Rise Only Output Investment Makes Reduce Sustained Aggregate Activity Growth Level

Quotes by Economists