The current episode is vastly worse than that there's only been the slightest bit of a paltry recovery in the labor market.
More Quotes from Alan Blinder:
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.Alan Blinder
One of the reasons for all the happy faces in retail this holiday shopping season is that gas prices are going down, down, down. Employment and income are doing well.
Alan Blinder
He was confident in his judgment, and he was right. The lesson is that sometimes you can't wait for the data to be definitive.
Alan Blinder
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,
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
The Fed is watching with every eye, ear, and nose it has for evidence that oil prices are creeping into core inflation.
Alan Blinder
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Based on Topics: Labor QuotesI'm Jewish. I don't work out. If God had wanted us to bend over, He would have put diamonds on the floor.
Joan Rivers
At least for the people who send me mail about a new language that they're designing, the general advice is: do it to learn about how to write a compiler.
Dennis Ritchie
Friendship with ones self is all important, because without it one cannot be friends with anyone else in the world.
Eleanor Roosevelt