NYU Stern
Share / Print
Faculty News

Dean Peter Henry on the importance of fiscal discipline, from his book, "Turnaround"

C-SPAN Logo

Excerpt from C-SPAN -- "Discipline isn't what you think it means in the context of economic policy. Discipline doesn't mean fiscal austerity nor does it mean wasteful spending. To put it in terms of eating habits, discipline isn't crash dieting or binge eating...Discipline is about finding that middle path to prosperity. So discipline means a sustained commitment to long-term prosperity that's both vigilant and flexible and, very importantly, puts what's good for the country as a whole over what's good for any individual, interest group or person running for political office."

Watch the video