Alan Blinder on economic
Alan Blinder11 quotes“Murphys law of economic policy’: Economists have the least influence on policy where they know the most and are most agreed.”
More from Alan Blinder
Life is not a multiple choice test, it’s an open-book essay exam.
Alan BlinderAlan Blinder And there would be an inventory pileup. And then – bam – businesses would react, sometimes violently, by cutting production.
Alan BlinderAlan Blinder 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.
Alan BlinderAlan Blinder If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.
Alan BlinderAlan Blinder 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.
Alan BlinderAlan Blinder 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].
Alan BlinderAlan Blinder The last duty of a central banker is to tell the public the truth.
Alan BlinderAlan Blinder They have the most influence on policy where they know the least and disagree most vehemently.
Alan BlinderAlan Blinder And the maestro surely wielded the chairman’s baton with extraordinary skill.
Alan BlinderAlan Blinder 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.
Alan BlinderAlan Blinder
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