A Quote by Edmund Phelps
In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a reliable way to increase employment.
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You [Jill Stein] also believe in a full employment policy that was the majority Democratic Party policy in 1946. They actually passed a law to that effect. You want to end poverty and when people see how relatively easy it is to end poverty. And one way is to increase the minimum wage: catch up; it's been frozen for so many years.
I think from an economics point of view, it is important that the money that is spent for health care is well spent - what is the cost-effectiveness of the money that is used? - because if the money is well spent, many people benefit from the system, and it is also a good market for finding employment. I do not see a reason why we should limit ourselves when it comes to very qualified and humane employment opportunities if there is no waste and if there is medical need.
When we talk about authoritarianism, we conjure up out-of-date visions from the 1930s. But we are no more likely to do authoritarian government the way they did in the 1930s then we're likely to address or talk or do any of our other business in the way they did it in the 1930s.
During the Great Depression, levels of crime actually dropped. During the 1920s, when life was free and easy, so was crime. During the 1930s, when the entire American economy fell into a government-owned alligator moat, crime was nearly non-existent. During the 1950s and 1960s, when the economy was excellent, crime rose again.
Blacks as a group have voted Democratic since the 1930s. The GOP has not courted them in any real way since the 1960s, focusing instead on attracting white constituencies hostile to civil rights and African-Americans in general.
Economics is extremely useful as a form of employment for economists.
The optimism that many felt in the 1960s over labour-saving technology is giving way to a fearful question: 'Will your labour be good for anything in the future? Or will you be replaced by a machine?'
In Wisconsin, we understand people create jobs, not the government. Those who choose to employ - be it one or many - are to be appreciated and encouraged, so as to prosper and increase employment for others in the future.
It's not easy making money as an actor. It's just not an easy thing to do. There's so many that want to do it and so few opportunities to do it that it's not as easy as it would seem.
Nothing was ever easy in Memphis and I think that's why the fans were drawn to our team so much. It's because the way we played and the way we got overlooked and the respect that we didn't get most of the time was very similar to how the city felt and how the locals felt about life in general. It was an easy bond.
I don't like stock buybacks. I think if a company has the money to buy their stock back, then they should take that and increase the dividends. Send it back to the stockholder. Let them invest their money again from the dividends.
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
The labor movement had been pretty much killed in the 1920s, almost destroyed. It revived in the 1930s and made a huge difference. By the late 1930s the business world was already trying to find ways to beat it back.
We tend to think that employment is employment, and we don't ask the question: is this rewarding employment? Research establishes pretty clearly that typical notions of happiness - that more is better - really don't correspond to the way people think and feel.
Now in a way, money is money, and if it's going to increase our audience, that's fine.
On healthcare we are the prisoner of our past. The way we got to develop any kind of medical insurance program was during World War II when companies facing shortages of workers began to offer healthcare benefits as an inducement for employment. So from the early 1940s healthcare was seen as a privilege connected to employment. And after the war when soldiers came back and went back into the market there was a lot of competition, because the economy was so heated up.
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