The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital ...
It's like simulating earthquakes: we can over and over study a bubble, crash, bubble, crash. Then we can see mathematically if there's some regular pattern and what's going on in people's brains when prices are going up and before the crash is happen...
Julian Assange is certainly no hero. The man behind WikiLeaks issued threats as if he were Dr. No bent on ending civilization as we know it. We will find him, lock him up, and throw away the key. But give the man credit; for a week the truth was laid...
Supermarkets didn't even want to talk to me about how much food they were wasting. I'd been round the back. I'd seen bins full of food being locked and then trucked off to landfill sites, and I thought, surely there is something more sensible to do w...
In school, you get a limited view of the world. Start working. Find your passion. Take your time doing that. Once you've found what you're passionate about, then lock down. Even if you want to start a business, it's helpful to work, see how other bus...
The important thing to remember with the Internet is that there are large companies that have an interest in controlling how information flows in it. They're very effective at lobbying Congress, and that pattern has locked down other communication me...
When I think about that first DeBarge album, I remember being so green... just pristine. Nothing mattered to me but writing songs. I remember staying locked up in a room with my piano and just singing and writing songs all day long. I remember being ...
My parents decided - because they were not going to teach us anything Jewish at home - to send both me and my sister to a Jewish primary school. So I went to Kerem Primary School in Hampstead Garden Suburb. But, for me, that school really didn't work...
I am thankful the most important key in history was invented. It's not the key to your house, your car, your boat, your safety deposit box, your bike lock or your private community. It's the key to order, sanity, and peace of mind. The key is 'Delete...
One thing that worried me was how writers get categorized and so they end up having to write the same kind of book again and again. That is fine if it is what you want to do, but I would rather be locked in the trunk of my car with a weasel than writ...
We've sent 130 men to death row to be executed in this country, at least 130 that we know of, who have later have been exonerated because they were either innocent, or they were not fairly tried. That's 130 people that we've locked down on death row....
There are two kinds of designers: ones who are very happy locked in their office surrounded by their coterie. The last thing they need to do is to go to a trunk show; they'd go running for the hills. I not only enjoy it, I think, how do you design th...
Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to co...
I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, superv...
We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great D...
It would be really great if I discovered a cure for cancer, but it would only be a little bit less great if my neighbor did. So I am pretty happy when my neighbor becomes wealthier, better educated and more innovative. I feel the same about China and...
Recovery measures work better when they raise confidence - as Franklin D. Roosevelt understood. His fireside chats, and his inaugural address proclaiming he would fight the Great Depression with the same resolve he would muster against a foreign foe,...
My co-winners, Peter Diamond and Christopher Pissarides, and I wish to thank the Royal Swedish Academy of Sciences and the Nobel Foundation for this very great honor. We each feel privileged and humbled to be named the winners of the 2010 Sveriges Ri...
The new millennium began with a great global dream. World leaders gathered at the United Nations in 2000 and adopted, among others, a historic goal to reduce poverty by half by 2015. Never in human history had such a bold goal been adopted by the ent...
I am not allowed to be afraid. My mother made me like that. As a child, if I was afraid of the dark, she would lock me in the closet. Things like this. And she would talk about the time she spent in the concentration camp, but not about being afraid,...
After costs, only the top 3% of managers produce a return that indicates they have sufficient skill to just cover their costs, which means that going forward, and despite extraordinary past returns, even the top performers are expected to be only as ...
