Lacy Hunt Quotes

To have an effective monetary policy, you have to have a robust borrowing and lending cycle... The problem is that households and businesses are both overextended, while banks have problems with their current loan base. So we don't have a viable borrowing and lending cycle, which means that monetary policy is not working effectively.

- Lacy Hunt

Tags

Effective | Monetary | Policy | Robust | Borrowing |

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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

We've basically been in one long recession that started in the fall of 2000. - Lacy Hunt

The country is entering a period of debt deflation, where households and businesses are forced to move funds from spending to debt repayment. This forces down economic growth and reduces inflationary pressures and long-term interest rates. - Lacy Hunt