A Quote by Ben Bernanke
Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.
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A potentially useful property of forecasts based on cointegration is that when extended some way ahead, the forecasts of the two series will form a constant ratio, as is expected by some asymptotic economic theory.
Today we are on the brink of another extraordinary revolution. The Information Age is already over and an exciting new epoch is taking its place. Remember, the key point is this: When wealth is derived from a new source - say information rather than industry - a new economic era is born.
Fanon calls his ideology a new humanism, not only in contrast to the elite humanism of the West, but also on the axiom that the wretched of the earth, understood socially, think and thus must be a basis of a new politics. This, of course, is not achieved immediately, but it must become an explicit element of the struggle for liberation.
All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
The charge that the construction of the geologic scale involves circularity has a certain amount of validity. ...Thus, the procedure is far from ideal and the geologic ranges are constantly being revised (usually extended) as new occurrences are found.
The actual state of our knowledge is always provisional and... there must be, beyond what is actually known, immense new regions to discover.
This government has been informed that a Jewish state has been proclaimed in Palestine, and recognition has been requested by the provisional government thereof. The United States recognizes the provisional government as the de facto authority of the new State of Israel.
Thus far we have considered the problem of conservation of land purely as an economic issue. A false front of exclusively economic determinism is so habitual to Americans in discussing public questions that one must speak in the language of compound interest to get a hearing.
To knot a sentence up properly, it has to be thought out carefully, and revised. New phrases have to be put in; sudden changes of subject must be introducted; verbs must be shifted to unsuspected localities; short words must be excised with ruthless hand; archaisms must be sprinkled like sugar-plums upon the concoction; the fatal human tendency to say things straightforwardly must be detected and defeated by adroit reversals; and, if a glimmer of meaning yet remain under close scrutiny, it must be removed by replacing all the principal verbs by paraphrases in some dead language.
We all have so much access to the information on the Internet and in books, but we don't necessarily get that information in a usable way so that we can turn information into action.
Well, there's a question as to what sort of information is important in the world, what sort of information can achieve reform. And there's a lot of information. So information that organizations are spending economic effort into concealing, that's a really good signal that when the information gets out, there's a hope of it doing some good.
Well, there's a question as to what sort of information is important in the world, what sort of information can achieve reform. And there's a lot of information. So information that organizations are spending economic effort into concealing, that's a really good signal that when the information gets out, there's a hope of it doing some good...
Not everything that steps out of line, and thus "abnormal", must necessarily be "inferior".
With the growth of knowledge our ideas must from time to time be organized afresh. The change takes place usually in accordance with new maxims as they arise, but it always remains provisional.
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