Peter R. Fisher
Peter R. Fisher (born in 1956) is a Senior Lecturer at the Tuck School of Business at Dartmouth, and a Senior Fellow at the Tuck Center for Global Business and Government. He is also a former executive at BlackRock and a former senior official at the U.S. Treasury and the Federal Reserve.
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Quotes
[edit]- Think of the federal government as a gigantic insurance company (with a sideline business in national defense and homeland security), which does its accounting on a cash basis, only counting premiums and payouts as they go in and out the door. An insurance company with cash accounting . . . is an accident waiting to happen.
- While under secretary of the U.S. Treasury in 2002; frequently short-handed as "an insurance company with an army." Krugman, Paul (March 11, 2003). A Fiscal Train Wreck. The New York Times.
- Schaller, Thomas F. (June 28, 2011). How government is like insurance. Baltimore Sun.
- Thoma, Mark (January 17, 2013). Who First Said the US is 'An Insurance Company with an Army'?. Economist's View.
