“KEYNESIAN ECONOMICS AND STIMULUS Keynesian economics is based on the notion that unemployment arises when total or aggregate demand in an economy falls short of the economy’s ability to supply goods and services. When products go unsold, jobs are lost.… — Alan S. Blinder Copy Share Image
“Don’t overstate your likely achievements; when in doubt, understate them.” — Alan S. Blinder Copy Share Image
“If your negligent neighbor falls asleep with a lit cigarette in his mouth, setting his house on fire, he’s irresponsible and guilty. But you… — Alan S. Blinder Copy Share Image
“One other important footnote to history: On Sunday, March 16, the same day that JP Morgan Chase announced its purchase of Bear Stearns and… — Alan S. Blinder Copy Share Image
“you don’t get far in political discourse with counterfactual arguments that “it would have been even worse.” — Alan S. Blinder Copy Share Image
“The adjective “efficient” in “efficient markets” refers to how investors use information. In an efficient market, every titbit of new information is processed correctly… — Alan S. Blinder Copy Share Image
“During a bubble, we often hear stories about how some grand new era makes previous valuation standards obsolete.” — Alan S. Blinder Copy Share Image
“We humans, it appears, are prone to overconfidence, herding behavior, unwarranted extrapolation of recent trends, and contagious waves of wishful thinking—all key ingredients of… — Alan S. Blinder Copy Share Image
“KEYNESIAN ECONOMICS AND STIMULUS Keynesian economics is based on the notion that unemployment arises when total or aggregate demand in an economy falls short… — Alan S. Blinder Copy Share Image
“Why did so many smart people believe these laissez-fairey tales? It’s a good question. Some of the blame surely goes to the excessive faith… — Alan S. Blinder Copy Share Image
“John Maynard Keynes, the great British economist, died in 1946. But his ghost lives on. When economies around the world contracted sharply in late… — Alan S. Blinder Copy Share Image
“John Maynard Keynes, the great British economist, died in 1946. But his ghost lives on. When economies around the world contracted sharply in late… — Alan S. Blinder Copy Share Image
