Quotes by David Malpass

About David Malpass:

David R. Malpass is an American economist and also ran in the 2010 Republican primary for U.S. Senate in New York. He is the founder and president of Encima Global LLC, an economic research and consulting firm based in New York City. He served as Deputy Assistant Treasury Secretary under President Ronald Reagan, Deputy Assistant Secretary of State under President George H. W. Bush, and Chief Economist at Bear Stearns. He was highly positive about the state of the US economy in 2007, optimistically defending it despite its partial crash later that year. Malpass campaigned to unseat appointed Senator Kirsten Gillibrand in the 2010 U.S. Senate Special Election in New York, but he lost the Republican primary on September 14, 2010.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts o...

David Malpass

While Washington pays lip service to the challenges facing small businesses, it repeatedly chooses its own expansion over results. In effect, government has become a huge silent partner in all businesses, often taking a majority of the profits and fo...

David Malpass

People's jobs are the biggest asset that they have. The net present value of your job is worth more than your house or your stock portfolio. As people decide whether they're going to buy a car, they're more concerned about whether they have a job and...

David Malpass

Already we're seeing graduates of U.S. higher education going back to their home countries and contributing to societies there, where in the past they would have stayed in the U.S. and built new companies here. We have to have immigration reform that...

David Malpass

The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve t...

David Malpass

To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That's wrong, but neither the U.S. nor Europe has a plan to stop it.

David Malpass

Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake o...

David Malpass

I don't want to see the dollar strong because the rest of the world is crumbling. I would like to see the dollar strong because the Fed has said it wants it to be strong in the future.

David Malpass

Politicians are addicted to spending and revenue extraction. As with an addict, there's little pause for moral or legal contemplation.

David Malpass

The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.

David Malpass

For small businesses, you need less taxes, less federal spending, and you need less regulation that blocks their growth.

David Malpass

If stocks double but the dollar loses half its value, who beyond Wall Street are the winners and losers?

David Malpass

It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.

David Malpass

The assumption that Washington could and would resolve Lehman Brothers without a bankruptcy, as it had Bear Stearns, was the single biggest mistake in the series of mistakes in 2007 and 2008 that led to the financial panic and the ensuing epidemic of...

David Malpass

When Congress legislates in haste, it often causes more problems than it solves. But Congress rarely reconsiders its mistakes.

David Malpass

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financ...

David Malpass

Author Bio

  • NameDavid Malpass
  • DescriptionAmerican economist
  • BornMarch 8, 1956
  • CountryImmigration To The United States
  • ProfessionEconomist