Assets Quote by Alan Greenspan
“Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.”
About This Quote
Source Speech: Economic Policy Forum, 2022
Prioritizing protectionism and avoiding sustainable fiscal policies jeopardize economic flexibility, which underpins resilience to shocks.
In simple terms: Protectionism harms economic resilience.
Key Takeaway
Balance trade with sustainable fiscal policy.
Themes
economics
policy
trade
environment
resilience
fiscal responsibility
Mood
analytical
concerned
optimistic
Type
policy
economic
When to use this quote
- government budgeting
- corporate strategy
- investment decisions
- climate policy
Key Concepts
Macroeconomics
sustainability
risk management
Questions to Reflect On
- How can we protect industries while maintaining flexibility?
- What sustainable fiscal measures support resilience?
A Different Perspective
Short‑term protectionism may provide immediate relief but can reduce long‑term adaptability.
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