The kind of economic trouble that Asia experienced a decade ago, and that we're all experiencing now, is precisely the sort of thing we thought we had learned to prevent. In the bad old days big, advanced economies with stable governments-like Britain in the 1920s-might have had no answer to prolonged periods of stagnation and deflation; but between John Maynard Keynes and Milton Friedman, we thought we knew enough to keep that from happening again.
Paul KrugmanRelated topics
answer bad big decade enough happening john kind now sort stable stagnation thing thought trouble asia keynes milton britain days friedman deflationRelated quotes
[ Milton Friedman was] the dominant member of the so-called Chicago school of economics [during his tenure at Chicago]... The economics department increasingly reflected his approach and interests. These included deep commitment to the truth, appreciation of markets and free enterprise, frank and blunt discussion, and enormous zeal to convince the heathen. But most important was the commitment to economic analysis as a powerful instrument for interpreting economic and social life.
Gary Becker
I got this big fear of doing smoking jokes in my act and showing up five years from now goin' [puts mic to his neck and speaks as if he had a mechanical larynx] 'good evening everybody, remember me, smoking's bad. [puts cigarette to neck and mimics smoking it] Eeww. You ever seen somebody do that? I've seen someone do that. Let me tell you something - if you're smoking out of a hole in your neck [mimics it again] I'd think about quitting. And that's just me, ya know.
Bill Hicks
The principle feature of American liberalism is sanctimoniousness. By loudly denouncing all bad things -- war and hunger and date rape -- liberals testify to their own terrific goodness. More important, they promote themselves to membership in a self-selecting elite of those who care deeply about such things. It's a kind of natural aristocracy, and the wonderful thing about this aristocracy is that you don't have to be brave, smart, strong or even lucky to join it, you just have to be liberal.
P. J. O'Rourke
If you like poetry let it be first-rate; Milton, Shakespeare, Thomson, Goldsmith, Pope (if you will, though I don't admire him), Scott, Byron, Camp[b]ell, Wordsworth, and Southey. Now don't be startled at the names of Shakespeare and Byron. Both these were great men, and their works are like themselves. You will know how to choose the good and avoid the evil; the finest passages are always the purest, the bad are invariably revolting, you will never wish to read them over twice.
Charlotte Brontë
I don't think he [ Josef Albers ] ever realized that it was his discipline that I came for. Besides, my response to what I learned from him was just the opposite of what he intended... I was very hesitant about arbitrarily designing forms and selecting colors that would achieve some predetermined result, because I didn't have any ideas to support that sort of thing – I didn't want color to serve me, in other words.
Robert Rauschenberg
