Lacy Hunt Quotes

The economy's not doing well, so it's appropriate to do what you can. But the notion that deficit spending is a panacea is greatly over-advertised.

- Lacy Hunt

Tags

Notion | Deficit | Spending | Panacea | Greatly |

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It was not used this time, even though it was debated in Fed circles -- Greenspan opposed it. - Lacy Hunt

The net effect was to induce a tightening mode in the markets, in bank lending and in total bank reserve growth, while [interest rates] rose significantly, especially for corporate bond issues. In retrospect, that's not looking very smart. - Lacy Hunt

The risk to the economy is that we lose the consumer -- and I think we are losing the consumer. - Lacy Hunt