Search Results
Speech
Racing to the top: how global competition disciplines public policy
Remarks before the Dallas Friday Group, Dallas, Texas, April 11, 2006 ; "Competition brings benefits to the public sector the same way it does the private sector. Because factors of production are increasingly mobile in an era of globalization, governments vie to gain and hold onto them. Mobile factors will flee economies that burden them with high taxes, excessive regulation and capricious administration. They gravitate toward countries that offer the best opportunities to increase profits or paychecks. The economic benefits of productive factors give nations strong incentives to maintain ...
Speech
Comments on monetary policy and 'Too Big to Fail' (with a tribute to Irving Kristol)
Remarks before Columbia University's School of International and Public Affairs, New York, N.Y., February 27, 2013 ; "The bottom line is that rather than achieve the intended theoretical effect, I believe the policy of super-abundant money at costs deviating substantially from normal equilibrium levels may ultimately prove to be counterproductive. Or it may restrain the benefits that theory might suggest."
Speech
Trade deficits and the health of the U.S. economy
Remarks before the Little Rock Rotary Club, Little Rock, February 14, 2006 ; "If we create the conditions to let our private sector do what it does by its very nature--constantly adapt and reposition itself--then we have nothing to fear from competition from our trading partners, including those with whom we presently run big deficits.">
Speech
A year-end wrap-up of the economy and a peek ahead
Remarks before the Longview Rotary Club, Longview, Texas, December 19, 2006
Speech
Post-traumatic slack syndrome and the economic outlook (with thanks to Finn Kydland, Dolly Parton and John Kenneth Galbraith)
"I envision an output path going forward from here that looks something like a check mark, with the Johnny Mercer effect giving us a near-term snapback from the short, intense downstroke, followed by a transition to a long period of slower growth corresponding to the elongated side of the mark." ; Remarks at the Laboratory for Aggregate Economics and Finance, University of California, Santa Barbara, September 3, 2009.
Speech
Ending 'Too Big to Fail': a proposal for reform before it's too late (with reference to Patrick Henry, complexity and reality)
Remarks before the Committee for the Republic, Washington, D.C., January 16, 2013 ; "The Dallas Fed?s proposal offers an 'about-turn' and a way to mend the flaws in Dodd?Frank.... In a nutshell, we recommend that TBTF financial institutions be restructured into multiple business entities. Only the resulting downsized commercial banking operations?and not shadow banking affiliates or the parent company?would benefit from the safety net of federal deposit insurance and access to the Federal Reserve?s discount window."
Speech
Brief comments on the economy and the business of the Dallas Fed
Remarks before the Park Cities Rotary Club, Dallas, Texas, February 9, 2007 ; "At this early juncture in 2007, I think it entirely reasonable to expect the economy to maintain an average pace of 3 percent growth for the year. And, if we at the Fed do our job well, we should be able to accommodate that growth rate while bringing inflation down below 2 percent."
Speech
Monetary Policy and the Maginot Line (with reference to Jonathan Swift, Neil Irwin, Shakespeare's Portia, Duck Hunting, the Virtues of Nuisance and Paul Volcker)
Monetary Policy: Debate, Dissent and Discussion with Richard Fisher at the University of Southern California, Annenberg School for Communication and Journalism, Los Angeles, CA, July 16, 2014.
Journal Article
President's perspective
Legislators must strike a delicate balance between investing in important state services and projects while not sacrificing the low tax, lightly regulated business climate that has helped propel Texas? superior economic performance.