We will soon learn whether the Greenspan era has created a deep reservoir of faith in the Federal Reserve, or just in Alan Greenspan.
More Quotes from 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
While Alan Greenspan may have enjoyed more than his share of good luck during his storied tenure as Fed chairman, he was also confronted with a wide variety of challenges that required subtlety, a deft touch and good judgment.
Alan Blinder
I think they're right on the curve but in danger of being behind the curve.
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 is watching with every eye, ear, and nose it has for evidence that oil prices are creeping into core inflation.
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
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Based on Topics: Belief & Faith QuotesHistory shows us that other highly developed forms of civilization have collapsed. Who knows whether the same fate does not await our own?
Christian Lous Lange
In today's world, it is shortsighted to think that infectious diseases cannot cross borders. By allowing developing countries access to generic drugs, we not only help improve health in those nations, we also help ourselves control these debilitating and often deadly diseases.
Ron Wyden
The wish for healing has always been half of health.
Lucius Annaeus Seneca