As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming, |
At first, he was thought of as extreme, but later, with the advent of computers, he was able to run large databases and establish a very large empirical record. I can't think of anyone who's had more impact on public finance in the second half of the 20th century. |
At the start, the euro is going to have problems as a reserve currency. It will ... have to earn its place. |
Because of what's happening in Asia, we are unlikely to see an acceleration of inflation, |
Compensation's share of total income is down almost 1-1/2 percent over what it was in 1989. You could have a significant increase in wages and erosion in profits without seeing big changes in prices, |
disagree on the analysis before they ever get to the remedies. |
He feels that it is going to fall at some point, and frankly, I think he wants to make sure that everyone understands, it was not him and it was not the Fed. The market was pushed too high by investors, and they are going to lose some money. |
He's certainly been very supportive of the president's fiscal policy and tax program. |
huge economic and ecological repercussions down the road. |
I can pass an entire row of thirty products and refresh the table as if I was using Excel on the client. |
I don't think we're going to be touching Social Security at all. |
I think the third quarter's going to be better than the second quarter. I think the fourth quarter [will be] better than the third, and next year, when the monetary policy kicks in, I think we're going to have sustained, rather robust growth, |
I think you need both, ... First of all, monetary policy doesn't work instantaneously either. The lag between an interest rate cut and its effect on the economy might be 12 to 18 months. Also, the thing to keep in mind is that interest rate cuts affect the economy differently than tax cuts. |
I would not be surprised to see 5 percent unemployment by the end of the summer. I would be surprised to see 6 percent. |
In the run-up to 9,000, you've got to put most of the credit -- or some might say blame -- on monetary policy. |