Month Quotes - page 11
It is my firm belief that the only satisfactory test of economics is the ability to predict, and in crucial predictive situations such as reconversion after World War II, the settlement of the Korean War, the settlement of the Vietnam War, the abrupt economic policy switch of the Nixon Administration in August 1972, the oil shock of 1973 (forecast of a world-wide succession by LINK), the recession of 1990. In these crucial periods, econometric models outperformed other approaches, yet there is considerable room for improvement, and that is precisely what is being examined in development of high-frequency models that aim to forecast the economy, every week, every fortnight, or every month, depending on the degree of fineness of the information flow.
Lawrence Klein
I started selling my portraits. Sizing up my customer, I charged ten or twenty francs a caricature, and it worked like a charm. Within a month my clientele had doubled. Had I gone on like that I'd be a millionaire today. Soon I was looked up to in the town, I was 'somebody'. In the shop-window of the one and only frame-maker who could make out a livelihood in Le Havre, my caricatures were impudently displayed, five or six abreast, in beaded frames or behind glass like very fine works of art, and when I saw troops of bystanders gazing at them in admiration, pointing at them and crying 'Why, that's so-and-so!', I was just bursting with pride.
Claude Monet
We've shipped millions of jobs overseas and we have a strange situation because we have a process in Washington where after you've served for a while you cash in and become a foreign lobbyist, make $30,000 a month; then take a leave, work on Presidential campaigns, make sure you got good contacts, and then go back out. Now if you just want to get down to brass tacks, the first thing you ought to do is get all these folks who've got these one-way trade agreements that we've negotiated over the years and say, "Fellows, we'll take the same deal we gave you." And they'll gridlock right at that point because, for example, we've got international competitors who simply could not unload their cars off the ships if they had to comply -- you see, if it was a two-way street -- just couldn't do it. We have got to stop sending jobs overseas.
Ross Perot