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.
As a consumer, you want to associate with brands whose powerful presence creates a halo effect that rubs off on you.
One simply cannot pay tribute to Stephen Covey without saying at the outset that he was a lovely human being.
South Africa has all the tools to compete in the new global village - an eager workforce, ready to take on any challenge.
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.
When you're unemployed for six months or a year, it is hard to qualify for a lease, so even the option of relocating to find a job is often off the table.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.
Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
If you really believe that every three years the market will double, then go and buy shares. I don't believe that.
The politicians are all useless individuals. Nobody is reducing the problems in the U.S. or Europe, just putting on a Band-Aid and postponing the problems endlessly.
