Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.
We know too little about global wealth dynamics, so we need international transmission of bank information.
Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.
My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class.
I think it's wonderful to save the world, but you need to be part of the world, too.
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.
Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh.
I think you've got to watch out for anybody in high school who says he wants to become an economist.
Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
Immigration laws are the only laws that are discussed in terms of how to help people who break them.
The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened that way because someone wanted it to happen that way.
That is because the conflict with al Qaeda is not governed by the Geneva Conventions, which applies only to international conflicts between states that have signed them.
This is not to condone torture, which is still prohibited by the Torture Convention and federal criminal law.
A decision by the Supreme Court to subject Guantanamo to judicial review would eliminate these advantages.
I don't think the American people, if you look historically, elect angry candidates.
Lawyers claim that their clients have been grossly mistreated, which is what criminal defense lawyers are paid to do.
In law, one's sense of calling or vocation will lead one to be interested in certain dimensions of Constitutional law.
In the last 1,000 years, the Arabs have translated as many books as Spain translates in just one year.
The American people must be willing to give up a degree of personal privacy in exchange for safety and security.
The 'Ndrangheta is an exceptionally dangerous, sophisticated and insidious criminal organization, with tentacles stretching from Italy to countries around the world.
