Quotation by

Timothy Geithner

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

Timothy Geithner

Money

Understanding this quote AI Analysis

Governments often delay taking action during financial crises because they don’t fully recognize how serious the problems are and try to limit their response. This hesitation leads to bigger economic harm and forces them to spend far more money later to fix the situation.

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