Less Quotes - page 99
I had a bad PCP [angel dust] experience when I was 14 and I got panic disorder. And of course, I wasn't telling anyone the truth. It's not like you go to your dad or your doctor and say, "Yeah, I smoked PCP and I'm having a bad time.” So I became more or less agoraphobic because I'd have flashbacks. From 14 to 16, I didn't have any friends. I stayed home most of the time. Up till then life was pretty great. The world was big and I felt I could do anything I wanted. Suddenly, I felt like I couldn't do anything. But in the isolation, my imagination really had time to run. I never did any drugs until my late 20s. Unfortunately, being a child of two alcoholics, I started drinking a lot, and that's what eventually got me back into drugs. You often hear that pot leads to harder drugs. But I think alcohol is what leads you to everything, because it takes away the fear. The worst drug experimentation I ever did was because I was drunk and didn't care.
Chris Cornell
For a period of roughly 35 years, Keynesian theory provided a central paradigm for macroeconomists, and considerable progress was made on several empirical fronts. It was widely recognized that some of the ingredients of Keynesian economics (e.g. money illusion and/or nominal wage rigidity) rested on slender to non-existent microtheoretic foundations; and there were always dissenters. But, thought of as a collection of empirical regularities that fit together into a coherent whole, the theory worked tolerably well. In the 1970s, however, the Keynesian paradigm was rejected by a great many academic economists, especially in the United States, in favour of what we now call new classical economics. By about 1980, it was hard to find an American academic macroeconomist under the age of 40 who professed to be a Keynesian. That was an astonishing intellectual turnabout in less than a decade, an intellectual revolution for sure.
Alan Blinder