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

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.

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

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.

Happiness lies even in little tiny butterflies. You just have to cpen up your eyes and see where beauty flies to beautify your world lenghtwise.

Still the hottest angel I know," he murmured. "It's beyond me how you're still on staff.

I got a generation brainwashed to pop pills and smoke pot til they brains rot.

In adversity, remember to keep an even mind.

I'm very, very in touch with my emotions.

He decided in favor of life out of sheer spite and malice.

Results is all that separates one company from another.

I listen to my spirit guide.

I like organizing things. I like organizing my closets, so that I know where everything is. And and I used to color code it.

I tell a lot of fart and poop jokes. I can't help it. I have no filter, and it just comes out.