Quotes of All Topics . Occasions . Authors
Whenever I interview someone for a job, I always ask them whether they want to sit in Bernanke's chair. The only wrong answer is, 'Who's Bernanke?'.
Central bankers got it right in the United States in 1987 when they avoided deflationary pressures as well as serious trouble in the banking system.
The movement toward a holistic approach to community development has been long in the making, but the housing crisis has motivated further progress.
In any given month, a large number of workers are being hired or are leaving their current jobs, illustrating the dynamism of the U.S. labor market.
In daily life, reality gives us material incentives to restrain our irrationality. But what incentive do we have to think rationally about politics?
Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.
As someone from a developing country, I have a problem with rich countries thinking they can tell us anything, simply because they are giving money.
Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits.
Religion gives you a sense of certainty. It makes you feel that you have the right answers to really big questions and that youve grasped the truth.
The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.
At the OECD, we stand ready to continue to help our member and partner countries to design, promote, and implement Better Policies for Better Lives.
Most violence is intra-racial, and much of the violence in African-American communities is a function of drug availability, joblessness and poverty.
We never like to admit to ourselves that we have made a mistake. Organizational structures tend to accentuate this source of failure of information.
Labor is the source of subsistence, capital is the source of affluence. My idea is to make everyone a capitalist, and therefore, financially secure.
Let us be clear about one thing: The tea party movement is not seeking a junior partnership with the Republican Party, but a hostile takeover of it.
The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
How can thinking people believe that a government that cannot deliver the mail can deliver gas better than Exxon, Mobil, Texaco, Gulf, and the rest?
The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement.
If you worry about financial Armageddon, it is indeed metaphorically the time to stock your bunker with guns, ammunition, canned food and gold bars.
In fact, all the additional knowledge gained by an irrationally constituted society may but enlarge and enhance the powers of death and destruction.
The offshoring of American jobs by global corporations and the deregulation of the U.S. financial system have resulted in American economic failure.
Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.
But the trouble is that he [Alan Greenspan] had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy.
I did not throw out my education lightly, but what I was being taught was of no use in explaining what I saw around me. It was the Great Depression.
Since the end of the nineteenth century, if not earlier, presidents have misled the public about their motives and their intentions in going to war.
When your response to everything that is wrong with the world is to say, 'there ought to be a law,' you are saying that you hold freedom very cheap.
What does 'economic justice' mean, except that you want something that someone else produced, without having to produce anything yourself in return?
The visible imperfections of hand-wrought goods, being honorific, are accounted marks of superiority in point of beauty, or serviceability, or both.
If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals
A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.
I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.
There are people who think that plunder loses all its immorality as soon as it becomes legal. Personally, I cannot imagine a more alarming situation.
Look around, and you see everywhere the exertions and acts of individuals restricted, regulated, or promoted, on the principle of the common welfare.
We've seen that in the past that where you've had uncertainty, and even where the Fed is raising rates, Treasurys rise as everybody heads for safety.
We say we need to clean up the environment; to clean up the environment, we need to be richer. But maybe getting richer is actually making us poorer.
Religion gives you a sense of certainty. It makes you feel that you have the right answers to really big questions and that you've grasped the truth.
It's a terrible thing to be a worker exploited in the capitalist system. The only worse thing is to be a worker unable to find anyone to exploit you.
In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.
The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.
America and the world are paying a high price for devotion to the extreme anti-government ideology embraced by Donald Trump and his Republican party.
The evolutionary vision is agnostic in regard to systems in the universe of greater complexity than those of which human beings have clear knowledge.
I am not a politician; I've never run for anything in my life. I'm an economist. I'm a broadcaster. I've been an adviser. I worked for Ronald Reagan.
New tech explosions create winners and losers, but overall are remarkably positive for the country, middle-class folks, the economy, jobs, and wages.