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Paul Kasriel Quotes

The problem is that labor has basically priced itself out of the market. We had a very sharp run up in compensation costs in the late 1990s. People got too expensive and they're still too expensive. - Paul Kasriel

Tags

Problem | Labor | Basically | Priced | Market |

Random

Well, one could argue that they're in the early process of making that mistake again. Those with some memory would probably rather have the funds rate at 3 percent than 1 percent. - Paul Kasriel

We're a what's-my-monthly-payment nation. The idea is to have my monthly payments as high as I can take. If you cut interest rates, I'll get a bigger car. - Paul Kasriel

Nobody wants a strong currency, and since the U.S. currency is fundamentally weak, foreign central banks need to buy up dollars to keep their currency from appreciating. - Paul Kasriel

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