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.
More Quotes from 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
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
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
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
We will soon learn whether the Greenspan era has created a deep reservoir of faith in the Federal Reserve, or just in Alan Greenspan.
Alan Blinder
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Based on Topics: Happiness Quotes, Reasoning Quotes, Work & Career QuotesThe moment a little boy is concerned with which is a jay and which is a sparrow, he can no longer see the birds or hear them sing.
Eric Berne
It's an immensely competitive business, and I can tell you the older you get, the parts are fewer, and the people who are proven performers are greater.
John Hurt
The doubt of an earnest, thoughtful, patient and laborious mind is worthy of respect. In such doubt may be found indeed more faith than in half the creeds.
John Lancaster Spalding