Occupation: Economist Birth: March 6, 1926
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions a….
Now, I only play very occasionally, and in fact, more piano than clarinet or sax..
Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance ….
If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It ….
Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I ….
The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend….
If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minute….
If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with re….
If you think you understand what I am saying you do not understand what I am saying..
Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part….
Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits,….
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs..
Anything that we can do to raise personal savings is very much in the interest of this country..
Indeed, better risk management may be the only truly necessary element of success in banking..
I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading..
Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view..
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said..
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil..
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature..
Excessive optimism sows the seeds of its own reversal..
Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those worke….