Edward Lazear
Edward Lazear
Edward Paul Lazear is an award-winning American economist, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution at Stanford University and the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford Graduate School of Business...
NationalityAmerican
ProfessionEconomist
CountryUnited States of America
economic levels lower wage
We would see lower levels of investment, lower economic growth, and as a result, lower wage gains.
change exchange expect might predicting
If we were to see an abrupt change in exchange rates, we might expect there might be some change in that. But again, I don't think anybody's predicting any kind of abrupt change.
direction exactly move problem wrong
It would be a significant problem and it would move in exactly the wrong direction.
longer period
Over a longer period of time, it would be a significant problem.
policies
That probably is one of the policies we would like to avoid.
direction encourage exactly longer move period time wrong
Over the longer period of time it would move in exactly the wrong direction because it would encourage us to use more oil, not less.
behaving believe indication people weak
Are people behaving as if they believe this is a weak economy? I see no indication of that. In fact, I see the contrary.
catch expect growth moving phase wage
We are moving into that phase where we expect that wage growth will catch up and take productivity over.
cutting worry gasoline
One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use.
running long growth
The only way to eliminate the deficit in the long run is through growth.
perception littles economy
It is a little surprising given the strength of the economy that there is a perception - at least among some of the public - that the economy is not very good.
way income rich
The term 'income inequality' is a bit misleading because it suggests in a somewhat pejorative way that the rich are getting richer at the expense of the poor,