The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.
Timothy Geithner0
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Timothy Geithner:
Most consequential choices involve shades of gray, and some fog is often useful in getting things dTimothy Geithner:
The recognition that things that are not sustainable will eventually come to an end does not give uTimothy Geithner:
In the financial system we have today, with less risk concentrated in banks, the probability of sysTimothy Geithner:
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but seTimothy Geithner:
The choice is between which mistake is easier to correct: underdoing it or overdoing it.Timothy Geithner:
This crisis exposed very significant problems in the financial systems of the United States and somTimothy Geithner:
Looking past the immediate crisis, a more resilient system must be built on stronger and better desTimothy Geithner:
The rest of the world needs the US economy and financial system to recover in order for it to revivTimothy Geithner:
Never before in modern times has so much of the world been simultaneously hit by a confluence of ecTimothy Geithner:
Although this crisis in some ways started in the United States, it is a global crisis. We bear a su