11 Quotes by Michael Mussa

We have a policy that is adding to, adding to, the systemic risk by subsidizing investors to take greater risks.

There has to be an understanding that further strengthening of the yen at this stage could be damaging to Japan's economy,

When you have the global fire department and there are no fires, then you're not so busy.

We need to get the U.S. economy to slow down and, in the meantime, we'll need someone to pick up the slack, ... That could be in the euro area. I think the (European Central Bank) needs to pay specific attention to what's happening both within and beyond their borders.

We do not yet see clear evidence that we have got a turning point in Japan, ... We need a little bit more information that the bottom has occurred

I used to say it was more an embarrassment than a problem, but now I would say it's a problem,

They don't need to do it tomorrow, but they can't wait until the end of the year,

In a period when general economic slowdown is the main problem and when inflation is not likely to be a continuing threat, the euro area -- the second-largest economic area in the world -- needs to become part of the solution rather than part of the problem,

If oil prices were to stay at $35 a barrel throughout 2001 or if they were to escalate to $40 a barrel or over, then the impact on inflation and world growth would be more significant,