Franco Modigliani
Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.Collection: Famous
I am a believer in cooperation.
People confuse economists and economic policy.
With the danger of war, there is a danger that the economy will go down.
The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.
A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable.Collection: Jobs
High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.Collection: Errors