“In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters.”

Life is not a multiple choice test, it’s an open-book essay exam.

And there would be an inventory pileup. And then – bam – businesses would react, sometimes violently, by cutting production.

His stellar record suggests that the only right answer to the age-old question of whether it is better to be lucky or good may be: both.

Murphys law of economic policy’: Economists have the least influence on policy where they know the most and are most agreed.

If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.

Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it].

The last duty of a central banker is to tell the public the truth.

They have the most influence on policy where they know the least and disagree most vehemently.

And the maestro surely wielded the chairman’s baton with extraordinary skill.

There is a kind of a cascading chain, … If one can’t sell, then that business doesn’t buy and that means the next business doesn’t sell, and the previous business doesn’t sell, and so on.

The creator of the new composition in the arts is an outlaw until he is a classic.

From the classical guitar right through to the furthest electrical experiments and everything in-between, it’s amazing what the guitar can actually do. I mean, when one thinks about sounds.

He was right – she was beating herself up about hurting his feelings. The girl was a classic martyr. She’d totally been born in the wrong century. She should have lived back when she could have gotten herself fed to some lions for a good cause.

I wish I had given more time to learning classical singing.

I’m pretty optimistic about the future of rock… it will be back to composition as in classical music or jazz.

Romantic dramas? I love The Notebook. Titanic was great. Classic.

Yes, I tried to change the classical style in a way that people who don’t understand it can enjoy.

One thing I’m big on is believing in giving an album time. I’ll say you’ll have to give an album three years before you can call it a classic. If you can’t listen to it three years later then it’s not really a classic.