“The adjective “efficient” in “efficient markets” refers to how investors use information. In an efficient market, every titbit of new information is processed correctly and immediately by investors. As a result, market prices react instantly and appropriately to any relevant… — 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 in free markets that was the elixir of the day. Some goes to economists who believed… — 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
