Constrained Quotes
We would like them to be more constrained, more enlightened. There's nothing to prevent them from doing the right thing.
- Don Hodges
Unless we take significant steps to address that, it's going to continue to be the problem. States have attempted to address this, but are somewhat constrained in what they're allowed to do. It raises the question of why Congress is not taking steps to amend this. As long as Congress doesn't act, I think you're going to see states be as creative as they can in doing something themselves.
- Sharon Treat
Under constrained discretion, the central bank is free to do its best to stabilize output and employment in the face of short-run disturbances, with the appropriate caution born of our imperfect knowledge of the economy and of the effects of policy (this is the 'discretion' part of constrained discretion).
- Ben Bernanke
Page 2 of 15

