Experience Stern | News & Events

Excerpt from CNBC -- "Discipline does not mean fiscal austerity. Discipline means a sustained commitment to a pragmatic growth strategy that's both vigilant and flexible and values what's good for the country as a whole over any individual or interest group. And so when you look at it that way and you look at what developing countries have done, they have learned from the things that we've preached to them in the 1980s and 1990s and now if we would just take a look at countries like Brazil, Chile, South America to the countries of East Asia, there's a message there for us to basically take what we taught them and apply it at home and begin to start growing again and begin to get out of this period of low expectations and underperformance."

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