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"Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery."

— Alistair Darling
alistair darling Quotes Recovery,Deficit,Fragile

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Alistair Darling
Recovery
Deficit
Fragile
Austerity
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Sitting in the flickering light of the candles on this kerchief of sand, on this village square, we waited in the night. We were waiting for the rescuing dawn - or for the Moors. Something, I know not what, lent this night a savor of Christmas. We told stories, we joked, we sang songs. In the air there was that slight fever that reigns over a gaily prepared feast. And yet we were infinitely poor. Wind, sand, and stars. The austerity of Trappists. But on this badly lighted cloth, a handful of men who possessed nothing in the world but their memories were sharing invisible riches.

— Antoine de Saint-Exupery

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The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation.

— Peter Thiel

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