I think you've got to watch out for anybody in high school who says he wants to become an economist.

There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not.

The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.

I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.

What I really don't like is oversimplification.

When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.

I'm happy to say I am a Harrison-Kreps-Keynesian.

Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.

My idea of God is not a divine idea. It has to be shattered time after time. He shatters it Himself.

I needed her to stop. Needed not to hear the pain in her voice--to see the way she was twisting the pocketbook strap. If she kept talking, she might break down and tell me everything.

Large streams from little mountains flow tall oaks from little acorns grow.

Music is the surest way of reaching someone else's heart.

Extol Jewish virtue, modern Zionism and the Israeli Defense Forces.

Never let your wife prevent you from buying equipment. A car will not buy a synthesizer, but a synthesizer can buy a car.

I'll always push for what I believe in. That's what you're supposed to do. If you're an American, you're supposed to be part of the political process, especially if you've been denied it.

Everything is dangerous, my dear fellow. If it wasn't so, life wouldn't be worth living.

Alabaster, you told me earlier that heroes don't die. You may be right, but I can tell you one thing." Claymore looked the boy in the eyes. "I'm not a hero.

....Everyone deserves a chance to fly!