Alan Blinder Quotes
13 Alan Blinder quotes:
"In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters. And there would be an inventory pileup. And then - bam - businesses would react, sometimes violently, by cutting production."
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"The most important thing is that strikes don't last forever. The economy is normally quite resilient and comes bouncing back."
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"Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it]."
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"We will soon learn whether the Greenspan era has created a deep reservoir of faith in the Federal Reserve, or just in Alan Greenspan."
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"It's not a lack of transparency when you stop giving information when there is nothing to give, and we're getting pretty close to that point."
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"He was confident in his judgment, and he was right. The lesson is that sometimes you can't wait for the data to be definitive."
Scholars And Scholarship Quotes
Judgment Quotes
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"What this illustrates is the virtue of being more plain-spoken and the dangers when you are not."
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"There is a kind of a cascading chain, ... If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on."
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"His performance as chairman of the Fed has been impressive, encompassing, and overwhelmingly beneficial - to the nation, to the institution, and to the practice of monetary policy,"
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"There is a kind of a cascading chain. If one can't sell, then that business doesn't buy and that means the next business doesn't sell, and the previous business doesn't sell, and so on."
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"I think they're right on the curve but in danger of being behind the curve."
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"While Alan Greenspan may have enjoyed more than his share of good luck during his storied tenure as Fed chairman, he was also confronted with a wide variety of challenges that required subtlety, a deft touch and good judgment."
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"His performance as chairman of the Fed has been impressive, encompassing and overwhelmingly beneficial -- to the nation, to the institution and to the practice of monetary policy,"
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