A Quote by Edmund Phelps
One reason why upturns follow downturns is that downturns tend to overshoot. People get panicky, they're afraid to stay the course, so they start selling. The other thing is that I think, as entrepreneurs keep on waiting to produce new things, that there's an accumulation of as-yet-unexploited new ideas that keeps mounting up.
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When the market turns down, a lot of people lose jobs... and that's the time people become entrepreneurs. Downturns end up being the best times to start companies.
History has proven time and again that downturns are the best time to invest in new start-ups. You get good deals and find a better environment for start-ups to grow.
I was a voracious reader and I could never understand why comics were of any less merit or importance than any other way of writing. I think the thing that keeps me with comics is there's still so much to be done. There's still this huge unplowed field, this huge unexplored wilderness, and as long as I can keep doing new things and coming up with new things, I will.
Overcomers have a 'finishing' anointing. They don't merely start things. They keep on moving forward until they complete the task. Many people love to start new things. They like to be creative. They enjoy thinking of new projects and dreaming about new adventures. Often, these people actually start some of the new things they are planning for the future. The problem is that they seldom finish what they start.
In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.
I think we want to see new voices and new ideas emerge - that's part of the reason why term limits are a really useful thing.
When you have the catalog of work, it doesn't feel like you've got one shot to get it right; it's just like, you're making a new document of something at the present time, and it's a living thing, and it changes. It's been cool to help other people make their records, to produce. You get a crash course in things that you don't get as the artist.
New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns.
We keep moving forward, opening up new doors and doing new things, because we're curious... and curiosity keeps leading us down new paths.
I pay attention to what's going on around me. I'm always looking for new energy, new talent, new voices. When you do that I think it's easier to come up with fresh ideas. It's not that my career has been based on surprising people, but it's been about challenging myself - to constantly do new things that are going to broaden my own mind and in the process, hopefully, connect with other people.
The irony is, the advertising industry knows everyone hates what they produce. This is why they keep looking for new ways to force people to stay tuned.
I believe the important thing is to continue to create new experiences. That's why so many retired people travel. New experiences raise our consciousness and stimulate cognition. Retirement offers the opportunity to learn new things, and that is what keeps you young, at heart at least.
People tend to think that in order to start a new business they have to come up with something new and dazzling, but that's a myth - and it's often propagated by venture capitalists.
In England, people get bored very quickly. People aren't satisfied with one thing. You can have hits, but to stay there you have to start doing new things.
I love the new technology. New things give you a reason to want to go to the studio. New challenges mean you have to keep up, you know?
I think I know what my bandmates like or are interested in or would be interested in doing. I take ideas and I develop them, get rid of some ideas, keep writing, and then new things come up.
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