Alan Blinder
Alan Blinder
Alan Stuart Blinderis an American economist. He serves at Princeton University as the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs in the Economics Department, and vice chairman of The Observatory Group. He founded Princeton’s Griswold Center for Economic Policy Studies in 1990. Since 1978 he has been a Research Associate of the National Bureau of Economic Research. He is also a co-founder and a vice chairman of the Promontory Interfinancial Network, LLC. He is among the most...
law influence economics
"Murphys law of economic policy": Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.
hands giving trying
If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.
cutting would-be inventory
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.
mean next kind
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.
democracy public-opinion input
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].
bankers lasts duty
The last duty of a central banker is to tell the public the truth.
book multiple-choice choices
Life is not a multiple choice test, it's an open-book essay exam.
dangers virtue
What this illustrates is the virtue of being more plain-spoken and the dangers when you are not.
skills age lucky
And the maestro surely wielded the chairman's baton with extraordinary skill. His stellar record suggests that the only right answer to the age-old question of whether it is better to be lucky or good may be: both.