One thing we've learned from the economic events of the past two years is that macroeconomics, or at least the part of macroeconomics that studies the business cycle, is a weak field. With only a few exceptions, macroeconomists, including the most illustrious, did not anticipate the current depression.
Richard PosnerRelated topics
business current cycle depression few field least past studies thing years macroeconomicsRelated quotes
A soul that is nurtured by hatred toward man can not be at peace with God, Who has said: If you forgive not men their sins, neither shall your Father forgive your sins (Matt. 6:15). If a man does not want to be reconciled, you must at least guard yourself from hating, praying with a pure heart for him, and speaking no evil of him.
Maximus the Confessor
For a few thousand years, women had no history. Marriage was our calling, and meekness our virtue. Over the last century, in stuttering succession, we have gained a voice, a vote, a room, a playing field of our own. Decorously or defiantly, we now approach what surely qualifies as the final frontier.
Stacy Schiff
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
John S. Watson
How do we create only games that we actually feel like playing, because we can opt out at any time? In the economic field, at least, the answer is obvious. All of the gratuitous sadism of workplace politics depends on one's inability to say "I quit” and feel no economic consequences.
David Graeber
