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If you elect me the first Jewish justice of the peace, I'll reduce the speed limits to 54.95!
Well the most likely emerging countries are Japan, Turkey, and Poland. So I would say Eastern Europe, the Middle East and a maritime war by Japan with the United States enjoying its own pleasures.
If you have the choice between humble and cocky, go with cocky. There's always time to be humble later, once you've been proven horrendously, irrevocably wrong.
If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.
When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought through, and are made effective.
I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.
While it was a very interesting period in my life, I was happy to get back to more direct contact with students in the classroom and in my research projects.
Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.
The fall of the Berlin Wall really demonstrated beyond the shadow of a doubt that there was a bad system, and what subsequently happened in the Soviet Union, that that system was a failure.
If e-mail had been around before the telephone was invented, people would have said, 'Hey, forget e-mail! With this new telephone invention I can actually talk to people!'.
our finest writing will certainly come from what is unregenerate in ourselves. It will come from the part that is obdurate, unbanishable, immune to education, springing up like grass.
Finding a cat--or having a cat find you--can change your world as much as marriage, divorce, love, death, or even winning the lottery can, and sometimes more.
Idealism is frequently another word for self-righteousness, a disease that can only be corrected by a profound understanding power in its complete sense.