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.
More Quotes from Alan Blinder:
The current episode is vastly worse than that there's only been the slightest bit of a paltry recovery in the labor market.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
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
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.
Alan Blinder
I think they're right on the curve but in danger of being behind the curve.
Alan Blinder
The Fed really tried to throw some cold water on those who are saying the recession's over already, ... The optimists are declaring it over already ... I think there's a good chance they're wrong, and the Fed obviously is predicating policy on the basis that they are wrong.
Alan Blinder
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Based on Topics: Democracy Quotes, Opinions QuotesBased on Keywords: presumptively
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While you're saving your face, you're losing your ass.
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