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Top 20 Christina Romer Quotes (2025 Update)

Christina Romer Quote: “As an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.”

1. “As an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.”

— Christina Romer

Christina Romer Quote: “There’s a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, ‘because that’s where the light is.’ That’s the problem with the deficit.”

2. “There’s a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, ‘because that’s where the light is.’ That’s the problem with the deficit.”

— Christina Romer

Christina Romer Quote: “The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.”

3. “The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.”

— Christina Romer

Christina Romer Quote: “Tax increases appear to have a very large sustained and highly significant negative impact on output.”

4. “Tax increases appear to have a very large sustained and highly significant negative impact on output.”

— Christina Romer

Christina Romer Quote: “Climate change and dependence on foreign oil are problems that won’t go away on their own. Tabling plans to deal with them doesn’t make it easier for companies to plan and invest; it makes it harder.”

5. “Climate change and dependence on foreign oil are problems that won’t go away on their own. Tabling plans to deal with them doesn’t make it easier for companies to plan and invest; it makes it harder.”

— Christina Romer

Christina Romer Quote: “I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.”

6. “I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.”

— Christina Romer

Christina Romer Quote: “Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.”

7. “Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.”

— Christina Romer

Christina Romer Quote: “If you look at the studies coming out of the Congressional Budget Office, the number one thing that’s going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.”

8. “If you look at the studies coming out of the Congressional Budget Office, the number one thing that’s going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.”

— Christina Romer

Christina Romer Quote: “If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America’s infrastructure needs are enormous.”

9. “If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America’s infrastructure needs are enormous.”

— Christina Romer

Christina Romer Quote: “Making labor less expensive helps firms hire people.”

10. “Making labor less expensive helps firms hire people.”

— Christina Romer

Christina Romer Quote: “A natural way that an economist approaches a problem is to say, here’s where I think the economy is going; this is what we need to deal with the problem.”

11. “A natural way that an economist approaches a problem is to say, here’s where I think the economy is going; this is what we need to deal with the problem.”

— Christina Romer

Christina Romer Quote: “What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.”

12. “What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.”

— Christina Romer

Christina Romer Quote: “Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.”

13. “Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.”

— Christina Romer

Christina Romer Quote: “Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.”

14. “Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.”

— Christina Romer

Christina Romer Quote: “Fewer people working means permanently lower tax revenues.”

15. “Fewer people working means permanently lower tax revenues.”

— Christina Romer

Christina Romer Quote: “Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.”

16. “Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.”

— Christina Romer

Christina Romer Quote: “Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.”

17. “Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.”

— Christina Romer

Christina Romer Quote: “As a former member of President Obama’s economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.”

18. “As a former member of President Obama’s economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.”

— Christina Romer

Christina Romer Quote: “Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.”

19. “Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.”

— Christina Romer

Christina Romer Quote: “Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects.”

20. “Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects.”

— Christina Romer

Christina Romer Quote: “President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.”

21. “President Obama has repeatedly urged Congress to let the Bush tax cuts expire for those earning more than $250,000 a year. Increasing rates on top earners is an obvious way to raise revenue from those who can afford it most.”

— Christina Romer

Christina Romer Quote: “A successful argument for a government manufacturing policy has to go beyond the feeling that it’s better to produce ‘real things’ than services. American consumers value health care and haircuts as much as washing machines and hair dryers.”

22. “A successful argument for a government manufacturing policy has to go beyond the feeling that it’s better to produce ‘real things’ than services. American consumers value health care and haircuts as much as washing machines and hair dryers.”

— Christina Romer

Christina Romer Quote: “You care about the deficit because it allows you to do things you need to do to help people who are suffering.”

23. “You care about the deficit because it allows you to do things you need to do to help people who are suffering.”

— Christina Romer

Christina Romer Quote: “I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that’s something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.”

24. “I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that’s something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.”

— Christina Romer

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