Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economys long-run performance to restrain government spending rather than raise taxes. – Mark Zandi
The discussion in Washington has changed dramatically. I mean, its no longer a question of should we address entitlements – its no longer a question of do we need to reduce spending in the future. – Mark Zandi
The FHAs success provides strong evidence that government can and should play a role in the nations 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
I only have two things in my life, my family and work. If theres any time left over, then I play sports. – Mark Zandi
I still believe that capitalism is too harsh and I believe that, even within that, there is a lot of satisfaction and beauty if you happen to be one of the lucky ones, although that doesnt eradicate the reality of the suffering. Its all true at once, kind of humming and sublime. – George Saunders