“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.”

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.

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.

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.

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.

Don’t think that she is one of those rude women of whom there are so many-on the contrary, she is utterly courteous and pleasant. If you greet her, she will answer you right away and converse with you!

We don’t have all the answers … as we get older, our bodies need repair.

She is scared to love again, because people change their minds. She is scared to love again, because people leave with no answers, and she is sick of thinking it’s because of her.

My short answer would be that there is no greatest jazz musician of the century. Jazz, like any valid art form, finds its greatness in its expression of the human spirit, and, to me, this can’t be reduced to a contest.

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

The right answer on raises is you have to be formal. You have to be formal to save your own culture.

Read! Study never stops because publications never stop coming in. It’s read and study. And think about what you’re studying. Take it apart and put it together. Ask ‘why?’ And know the answers.

My standard answer is that I have the same struggle as any working parent but with the good fortune to be working at my dream job. Or sometimes I just hand them a juicy red apple I’ve poisoned in my working-mother witch cauldron and fly away.