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,
More Quotes from Alan Blinder:
Never treat only one productivity number that seriously, ... What you have to remember is that productivity has always been very cyclical. When the economy sags, productivity sags.Alan Blinder
What this illustrates is the virtue of being more plain-spoken and the dangers when you are not.
Alan Blinder
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.
Alan Blinder
We all remember the 'jobless recovery' of the 1990s -- that experience was, for the labor market, significantly worse than any in post-World War II history,
Alan Blinder
Monetary policy has become much less political than it used to be years back, and centuries back. There's a consensus on what monetary policy should be doing, which is to say keeping inflation low and, subject to that constraint, keeping employment high. So politicians take this attitude that it's for technocrats, and it doesn't matter too much whether the guy is a Republican or a Democrat.
Alan Blinder
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.
Alan Blinder
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