Quotation by

Mark Zandi

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

Mark Zandi

Experience

Understanding this quote AI Analysis

Mark Zandi is saying that looking at previous cases both within a country and in other countries shows that controlling how much the government spends is more effective for improving the economy over time than increasing taxes. This conclusion is based on observed outcomes from past fiscal policies.

More by this author

All quotes by Mark Zandi →

More quotes about Experience

See all →

It evolved from my experience in the fifties, growing up during the McCarthy era, and hearing a lot of assumptions that America was wonderful and Communism was terrible.

I feel responsible that everyone has a really wonderful experience and to do the best work possible, and to always know my lines and to always be on time and to bring a level to the show in terms of …

Acting is not a mystery. There's nothing that I know that other actors don't know. We all act, we're all actors, we all know the same thing. The only thing that separates us is experience.

Many children are natural fantasists, I think, perhaps because their imaginations have yet to be clobbered into submission by experience.

I got pregnant at 40 by surprise. It's funny, because when we found out we were pregnant, I said, 'Okay, let's experience that.' You just have to just go with it because it's rare.

At our best, it's a good experience but we do 22 episodes a year, so there are some clunkers.