Speech

Roadblocks to recovery (with apologies to W. H. Auden and Gershon Bleichroder)


Abstract: \"While it appears urgent, if not agreeable, to use massive public spending to stimulate an economy under duress, an economy cannot sustain long-term growth under the weight of significant fiscal burdens.\" ; Remarks before the World Affairs Council of Dallas/Fort Worth, Dallas, Texas, February 10, 2010.

Keywords: Fiscal policy; economic conditions - United States; Budget deficits; Federal Reserve System - Independence;

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Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2010

Number: 22