Robert Rubin
Robert Rubin
Robert Edward Rubinis an American lawyer, former cabinet member, and retired banking executive. He served as the 70th United States Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs, eventually serving as a member of the board and co-chairman from 1990 to 1992; Rubin oversaw the loosening of financial industry underwriting guidelines which had been intact since the 1930s. His most prominent post-government role was as director and senior counselor...
ProfessionPolitician
Date of Birth29 August 1938
CityNew York City, NY
consistency fiscal policy punch
Fiscal policy is the other ladle in the macroeconomic punch bowl, and consistency in use of the two ladles is powerful, and inconsistency can be injurious,
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The president's budget carries forward the economic strategy that has been so central to the strong economic conditions of the past five years, ... This budget preserves the surpluses until we strengthen Social Security, invests in areas that are critical to future productivity and the future of our country, provides for programs that protect and promote our critical economic and national security interests in the global economy, and of absolutely critical importance, this budget keeps us on the path of fiscal discipline that is so central to our economic well being.
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The overarching point of the president's economic strategy going forward in the 1999 budget is clear: under no circumstances should we take any steps that will undo the fiscal discipline that we have worked so hard to achieve and has been so central to our strong economy of the last five years.
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I'm sure that this will prove to be a phenomenon that is very complicated, involving tens or hundreds of genes.
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The new $20 note will be an important tool against would-be counterfeiters,
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I'm not going to get into the business of market prognostication,
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I'm saying that we have significant concerns about significant portions ? of this, ... We need to work with Congress to work our way through that.
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I had three criteria: I didn't want to be a CEO, I wanted to be involved with an institution I was proud of, and I wanted to be involved in an institution that was important to me,
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I've got 11 fly rods and a lot of unread books.
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It's very hard to track money in Russia, ... If Russia destabilizes, the cost to the United States is going to be vastly greater.
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As you look around the globe, it seems to me that a lot of the countries hurt by the Asian financial crises have made tremendous progress. On the other hand, in all of those countries there's a lot to do.
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The international community has a strong program. ? I think the key, however, is that the program is only as effective as the implementation. And I think that we have been in a very aggressive mode over the course of the last year, and I think that what we need to do is remain in even more aggressive mode as we go forward, so each of us does our part,
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They can all come together and begin to feed on each other, in which case you could have a very severe and seriously threatening set of economic impacts that would create an immensely difficult problem for our economy and our political system,
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We all shared a belief in market-based economics though we had somewhat different views as to the appropriate role of government in our society and felt that what happened abroad could greatly affect our own economic well being,