In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay… — Christina Romer Copy Share Image
I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do. — Christina Romer Copy Share
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… — Christina Romer Copy Share
You care about the deficit because it allows you to do things you need to do to help people who are suffering. — Christina Romer Copy Share
The central question is whether Medicare and Medicaid should remain entitlement programs guaranteeing a certain amount of care, as Democrats believe, or become defined… — Christina Romer Copy Share
The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies… — Christina Romer Copy Share
Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are… — Christina Romer Copy Share
The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change… — Christina Romer Copy Share
Thanks to former President George W. Bush - remember the compassionate conservative? - I have a good name for the fundamental principle that should… — Christina Romer Copy Share
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… — Christina Romer Copy Share
If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps… — Christina Romer Copy Share
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… — Christina Romer Copy Share
If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good… — Christina Romer Copy Share
Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would… — Christina Romer Copy Share
The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses;… — Christina Romer Copy Share
