Occupation: Economist Birth: October 14, 1945
'Murphys law of economic policy': Economists have the least influence on policy where they know the most and are most agreed; they have the most infl….
There is a kind of a cascading chain, ... If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the pr….
Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to….
And the maestro surely wielded the chairman's baton with extraordinary skill. His stellar record suggests that the only right answer to the age-old q….
In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headqua….
The last duty of a central banker is to tell the public the truth..
Life is not a multiple choice test, it's an open-book essay exam..
If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted..