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It is apparently futile only to insist that the more backward countries restrict their birth rates. What is needed most of all is economic and technical assistance to these countries. This assistance must be of such scale and generosity that it is unlikely before the estrangement in the world and the egotistical, narrow-minded approach to relations between nations and races are eliminated.
Andrei Sakharov
Government policy, legislation on the family and marriage, and propaganda should not encourage an increase in the birth rates of advanced countries while demanding that it be curtailed in underdeveloped countries that are receiving assistance. Such a two-faced game would produce nothing but bitterness and nationalism.
Andrei Sakharov
I want to emphasize that the question of regulating birth rates is highly complex and that any standardized, dogmatic solution "for all time and all peoples" would be wrong.
Andrei Sakharov
How long can interest rates stay negative? Think about this. Not only are you lending your money to governments, but you're paying them interest for the privilege of doing so.
Mohamed El-Erian
The theory is that if you take interest rates negative, people are going to say, "That's a silly game! I'm not going to lend my money to governments who want me to pay them. I am going to go into the stock market where I can get positive returns!"
Mohamed El-Erian
If you happen to be the only one with negative interest rates, you also weaken your currency, which means you make your exports more competitive.
Mohamed El-Erian
The American political system is like a gigantic Mexican Christmas fiesta. Each political party is a huge piñata - a papier-mâché donkey, for example. The donkey is filled with full employment, low interest rates, affordable housing, comprehensive medical benefits, a balanced budget and other goodies. The American voter is blindfolded and given a stick. The voter then swings the stick wildly in every direction, trying to hit a political candidate on the head and knock some sense into the silly bastard.
P. J. O'Rourke
If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.
Ray Dalio
The big question is: When will the term structure of interest rates change? That's the question to be worried about.
Ray Dalio
When people are told to "eat many small meals," what they may actually hear is "eat all the time," making them likely to respond with some degree of compulsive overeating. It's no coincidence, I think, that obesity rates began rising rapidly in the 1980s more or less in tandem with this widespread endorsement of more frequent meals.
Andrew Weil
If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies.
Richard Thaler
If there is one thing that most economists agree about in the realm of tax policy, it is that it's best to broaden the base of any tax, all else being equal. That means minimizing the number of deductions and exclusions from taxable income in order to lower marginal rates and reduce distortions.
Richard Thaler
The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
Robert Mundell
I was reminded of how much I had misjudged the potential the profession would see in the time series rational expectations models. When I, as a graduate student at the Massachusetts Institute of Technology (MIT) around 1970 did some work on the econometrics of rational expectations time series models, I felt rather apologetic about the extreme assumptions in the models. I did not expect others to regard them as anything more than a passing gimmick. Richard Sutch had just written in his MIT doctoral dissertation (1968) an exposition of the coefficient restrictions implied for time series representations of long-term and short-term interest rates, but he never bothered to publish this work. I remember conversations with him and others about rational expectations models, and I did not come away thinking they were the wave of the future.
Robert J. Shiller
I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.
Robert J. Shiller
Wal-Mart's size and scale is so vast they literally have the ability to change the face of the entire country. If Wal-Mart were to make a decision tomorrow to refuse to sell a single product made with partially hydrogenated oils, for example, we'd probably see rates from heart disease decline a few years later. That's how powerful Wal-Mart is.
Simon Sinek
The two largest oil-producing countries in Latin America, Mexico and Venezuela, sold petroleum to Nicaragua at concessional rates for several years beginning in 1980. The program was curtailed because Nicaragua could not make even reduced payments.
Stephen Kinzer
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
Suze Orman
When I was a kid, phone calls were a premium commodity; only the very coolest kids had a phone line of their own, and long-distance phone calls were made after eleven, when the rates went down, unless you were flamboyant with your spending. Then phone calls became as cheap as dirt and as constant as rain, and I was on the phone all the time.
Susan Orlean
Q: "Professor Sargent, can you tell me what CD rates will be in two years?”.
Thomas J. Sargent
An alternative "rational expectations” view denies that there is any inherent momentum in the present process of inflation. This view maintains that firms and workers have now come to expect high rates of inflation in the future and that they strike inflationary bargains in light of these expectations.
Thomas J. Sargent
The differential rate system of piece-work consists briefly in offering two different rates for the same job: a high price per piece, in case the work is finished in the shortest time possible and in perfect condition, and a low price, if it takes a longer time to do the job, or if there are any imperfections in the work. (The high rate should be such that the workman can earn more per day than is usually paid in similar establishments.) This is directly the opposite of the ordinary plan of piece-work, in which the wages of the workmen are reduced when they increase their productivity.
Frederick Winslow Taylor
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