Christina Romer Quotes

• Muchos de mis alumnos suponen que la protección del gobierno es lo único que garantiza salarios decentes a la mayoría de los trabajadores estadounidenses. Pero la economía básica demuestra que la competencia entre empresarios por los trabajadores puede ser muy eficaz para evitar que las empresas se comporten mal.

  Christina Romer

  Government, Competition, Wages

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• Climate change and dependence on foreign oil are problems that won't go away on their own. Tabling plans to deal with them doesn't make it easier for companies to plan and invest; it makes it harder.

  Christina Romer

  Oil, Going Away, Climate

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• Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.

  Christina Romer

  Hard Work, Minimum Wage, Littles

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• Las subidas de impuestos parecen tener un impacto negativo sostenido y muy significativo sobre la producción.

  Christina Romer

  Impact, Negative, Significant

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• The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.

  Christina Romer

  Running, Long, Goal

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• A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

  Christina Romer

  Thinking, Needs, Way

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• There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.

  Christina Romer

  Light, Keys, Drunk

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• If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines.

  Christina Romer

  Powerful, Offering, Competition

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• You care about the deficit because it allows you to do things you need to do to help people who are suffering.

  Christina Romer

  People, Suffering, Needs

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• A successful argument for a government manufacturing policy has to go beyond the feeling that it's better to produce 'real things' than services. American consumers value health care and haircuts as much as washing machines and hair dryers.

  Christina Romer

  Real, Successful, Hair

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• As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.

  Christina Romer

  Team, President, Months

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• Making labor less expensive helps firms hire people.

  Christina Romer

  People, Helping, Firm

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• Creo que algo que obligue a las entidades financieras a amortizar las hipotecas sumergidas sería algo sensato.

  Christina Romer

  Writing, Thinking, Underwater

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• What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.

  Christina Romer

  Law, Wish, Desire

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• Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects

  Christina Romer

  Philosophy, Cutting, Impact

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• I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.

  Christina Romer

  Thinking, President, Littles

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• The very first email I got [was] from a women's group saying 'We don't want this stimulus package to just create jobs for burly men.'

  Christina Romer

  Jobs, Men, Want

  "Obama and the Invisible Workingman" by David Paul Kuhn, www.huffingtonpost.com. March 18, 2010.

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• Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.

  Christina Romer

  Years, Gdp, Three

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• Fewer people working means permanently lower tax revenues.

  Christina Romer

  Mean, People, Taxes

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• You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.

  Christina Romer

  Recovery, Thinking, Medicine

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• Si nos fijamos en los estudios de la Oficina Presupuestaria del Congreso, lo que más va a agravar el déficit en los próximos 20 o 30 años es el gasto público en sanidad.

  Christina Romer

  Blow, Government, Years

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• Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

  Christina Romer

  Impact, Expectations, Growth

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• Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

  Christina Romer

  President, Minimum Wage, Unions

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• President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.

  Christina Romer

  Cutting, Years, President

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• If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous.

  Christina Romer

  Educational, America, Goal

  "Do Manufacturers Need Special Treatment?" by Christina Romer, www.nytimes.com. February 4, 2012.

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