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- Nov 07, 2020
Paul Samuelson Quotes
Most Famous Paul Samuelson Quotes of All Time!
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- Last Updated on May 30, 2021
- Nothing
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- Nov 07, 2020
There's nothing in Keynesian economics that would allow you to solve stagflation. But there's nothing in neoclassical economics that would allow you to solve stagflation, either.
- Education
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- Nov 07, 2020
I did not throw out my education lightly, but what I was being taught was of no use in explaining what I saw around me. It was the Great Depression.
- Money
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- Nov 07, 2020
Keynes's contribution was not just to advocate spending government money in the middle of a recession. Every government had done that going back to the days of the Irish potato famine. What he gave to us was a way of thinking about the magnitude and the dimensions and so forth.
- Money
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- Nov 07, 2020
In 1936, money had no important role. Interest rates were one-eighth of one-eighth of one per cent. I did some research, and I found that the interest on one million dollars of ninety-day Treasuries was $37. People didn't even bother to collect it. The Fed wasn't important.
- Economic
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- Nov 07, 2020
The remarkable fact is not how much government does to control economic activity, but how much it does not do.
- Government
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- Nov 07, 2020
Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government.
- Journalism
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- Nov 07, 2020
In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching.
- History
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- Nov 07, 2020
The history of the twentieth century - America's century! - has been pretty much a history of rising prices.
- Goals
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- Nov 07, 2020
Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.
- Knowledge
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- Nov 07, 2020
I can't think of a president who has been overburdened by a knowledge of economics.
- People
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- Nov 07, 2020
I believe, in the stock market - that's one of my fields - that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the result is indeterminate.
- Chronic
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- Nov 07, 2020
U.S. capital formation, which has been pretty high in the '90s and very high in the late 1990s, is what is being financed by the savings of the rest of the world, generally poorer than ourselves, because our deficit on current account, chronic deficit, is their surplus, and they have been willingly bringing that to the American market.
- Just
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- Nov 07, 2020
We've become a debtor nation. I don't mean just on fixed-loan terms, but we own increasingly less abroad than is owned from abroad here.
- Created
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- Nov 07, 2020
Rent control created deadweight loss.
- Money
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- Nov 07, 2020