Tax increases appear to have a very large sustained and highly significant negative impact on output.

Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.

What we're going to do is redouble our efforts on financial regulatory reform, because that has in it sensible things like say on pay, so at least the shareholders are minding the store, sensible things like saying, for heaven's sakes, compensation should be focused on - on long term, so that you don't have rewards for short-term risk-taking.

We're committed to working with Congress to doing what the president said he was always going to do, which is cut the deficit in half over the - over his first term.

Tax increases appear to have a very large sustained and highly significant negative impact on output.

I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.

You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.

The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.

If you look at the studies coming out of the Congressional Budget Office, the number one thing that's going to blow a hole in the deficit as we go forward 20, 30 years is government spending on healthcare.

Where we're coming down is we currently have $787 billion of stimulus that's been passed. We're certainly focusing on spending that money as quickly and as efficiently and as transparently as we can. We think that's absolutely the right strategy.

A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

A successful argument for a government manufacturing policy has to go beyond the feeling that it's better to produce 'real things' than services. American consumers value health care and haircuts as much as washing machines and hair dryers.

As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.

Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

If every other store in town is paying workers $9 an hour, one offering $8 will find it hard to hire anyone - perhaps not when unemployment is high, but certainly in normal times. Robust competition is a powerful force helping to ensure that workers are paid what they contribute to their employers' bottom lines.

If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.

Many of my students assume that government protection is the only thing ensuring decent wages for most American workers. But basic economics shows that competition between employers for workers can be very effective at preventing businesses from misbehaving.

Most arguments for instituting or raising a minimum wage are based on fairness and redistribution. Even if workers are getting a competitive wage, many of us are deeply disturbed that some hard-working families still have very little.

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe, were aimed at reassuring Americans.

The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates, and I certainly try to teach them the truth.

The most effective way to shake an economy out of a terrible downturn when we're at the zero lower bound is an aggressive change in policy that makes people wake up, say 'this is a new day' and change their expectations.

The right way to deal with a budget problem that was years in the making is by formulating a credible plan to reduce the deficit over time and as the economy is able to withstand the necessary fiscal belt-tightening. That is what President Obama is doing.

The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

If you realized how powerful your thoughts are, you would never think a negative thought.

We cannot and will not ban the creation of violent video games. But, we can prevent the distribution of these disturbing games to children, where their effects can be negative.

Accent your positive and delete your negative.

We must concentrate not merely on the negative expulsion of war but the postive affirmation of peace.

I think we typically, as Northerners, stereotype what the South is in so many negative ways. We kind of forget all the beautiful things that they contribute to make this country a country.

Maybe I'm being philosophical and spiritual, but I believe that if you put negative energy out there that that is what will come back.

It takes but one positive thought when given a chance to survive and thrive to overpower an entire army of negative thoughts.

I was raised a Christian, but I wouldn't call myself a Christian now. I think when I was younger it was easier to focus on the negative, nihilist vision... this is sort of picking up on the other half of the body, which is God and white light.

Kant introduced the concept of the negative into philosophy. Would it not also be worthwhile to try to introduce the concept of the positive into philosophy?

An investigator starts research in a new field with faith, a foggy idea, and a few wild experiments. Eventually the interplay of negative and positive results guides the work. By the time the research is completed, he or she knows how it should have been started and conducted.

The negative side of football. The negative side of our society. People sometimes go to football and bring to it the negative aspects of our society.

For each of us who appear to have had a successful experiment there are many to whom their own experiments seem barren and negative.

Every positive value has its price in negative terms... the genius of Einstein leads to Hiroshima.

I do my job in Type O Negative.

My weaknesses are my jumps. The reason is that although I land them in practice, when I actually compete or perform, I should let my body go and stabilize my mind better. Also, I need to work on not letting negative thoughts and emotions get to me on the ice.

Although, this is often used with negative connotations, I see ideology as an inherent part of culture.

The best proof of the high quality of American beef is the continued negative BSE findings supported by the highest surveillance possible. The administration should be working to increase our surveillance of BSE, not scaling it back.

None can be more negative in its impact than the limitation on human resource capacity.

My tastes lean toward the more negative, angry and eclectic.

Man is lost and is wandering in a jungle where real values have no meaning. Real values can have meaning to man only when he steps on to the spiritual path, a path where negative emotions have no use.

I'm really thankful to God, man. Like now, I'm really making a real comeback with my group. With or without a record, with or without a movie. And behind all the negative press behind this movie.

The closer we come to the negative, to death, the more we blossom.