Timothy Geithner Quotes

Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability.

Timothy Geithner

• War
• Peace
• Stability

The choice is between which mistake is easier to correct: underdoing it or overdoing it.

Timothy Geithner

• Mistake
• Correct

The plausible outcomes range from the gradual and benign to the more precipitous and damaging.

Timothy Geithner

• Outcomes
• Range
• Damaging

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Timothy Geithner

• System
• Bank
• Crises

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

Timothy Geithner

• World
• Hit
• Turmoil

Financial crises require governments.

Timothy Geithner

• Financial
• Governments
• Crises

Monetary policy itself cannot sensibly be directed at reducing imbalances.

Timothy Geithner

• Policy
• Monetary
• Imbalances

The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.

Timothy Geithner

• Policy
• Price
• Movements

Most consequential choices involve shades of gray, and some fog is often useful in getting things done.

Timothy Geithner

• Done
• Things
• Choices

The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.

Timothy Geithner

• Things
• End
• Exciting