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 BLINDERPublic 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 BLINDERHis 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 BLINDERThere 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 BLINDERThe last duty of a central banker is to tell the public the truth.
ALAN BLINDERAnd there would be an inventory pileup. And then – bam – businesses would react, sometimes violently, by cutting production.
ALAN BLINDERLife is not a multiple choice test, it’s an open-book essay exam.
ALAN BLINDERMurphys law of economic policy’: Economists have the least influence on policy where they know the most and are most agreed.
ALAN BLINDERAnd the maestro surely wielded the chairman’s baton with extraordinary skill.
ALAN BLINDERIn 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 BLINDERThey have the most influence on policy where they know the least and disagree most vehemently.
ALAN BLINDERIf you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.
ALAN BLINDER