A Quote by Greg Mankiw

You can't rule out deflation just because you've never seen it in your lifetime. — © Greg Mankiw
You can't rule out deflation just because you've never seen it in your lifetime.
The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy.
I'm certainly dismayed by what I'm seeing now. There's a lot of ugliness of a kind I've never seen in my lifetime, or heard in my lifetime. But, look, I'm a romantic. I'm hopeful.
Deflation isn't good, and inflation is easier to cure than deflation.
I looked into the rule book, and I never seen a rule of only two-handed players can play football.
10 Rules for Being Human: Rule #1 - You will receive a body. Rule #2 - You will be presented with lessons. Rule #3 - There are no mistakes, only lessons. Rule #4 - The lesson is repeated until learned. Rule #5 - Learning does not end. Rule #6 - "There" is no better than "here". Rule #7 - Others are only mirrors of you. Rule #8 - What you make of your life is up to you. Rule #9 - Your answers lie inside of you. Rule #10 - You will forget all this at birth.
Part of the reason everyone is freaking out over 'Black Panther' is because we've never seen it. We have two thousand years of stories, and we've never seen it.
You never look at the backside of a mirror because when you do, it'll affect your future because you're looking at yourself backwards. No, you're looking at your inner self and you don't recognize it because you've never seen it before.
While it's true that you may lose your religion during the course of a lifetime, you never lose your salvation. Once you let Jesus in your kitchen, he just keeps on making peanut butter and banana sandwiches, and he never leaves.
A Canadian comedian once told me that when you first go out there to imagine that you're actually just going back out for the encore, that all the clapping is because they've already seen you do your thing and they want to see more. You can train your mind to do anything.
The inability to envision a certain kind of person doing a certain kind of thing because you've never seen someone who looks like him do it before is not just a vice. It's a luxury. What begins as a failure of the imagination ends as a market inefficiency: when you rule out an entire class of people from doing a job simply by their appearance, you are less likely to find the best person for the job.
The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.
People are out of their home on a Saturday night or they're at the movies or they're at dinner and a lot of the people who flip on the television are doing just that. They may have never seen your show before and you can't count on to your audience to be there week in and week out.
You are no different in this lifetime than you were in your last lifetime. This lifetime is simply a continuation of your last lifetime.
As tough as things have been, I am convinced you are tougher. I've seen your passion and I've seen your service. I've seen you engage and I've seen you turn out in record numbers. I've heard your voices amplified by creativity and a digital fluency that those of us in older generations can barely comprehend. I've seen a generation eager, impatient even, to step into the rushing waters of history and change its course.
I have lived through many major hurricanes during my lifetime: Camille, Frederic, and Ivan, to name just a very few. However, never have I seen destruction, panic, and fear on this massive scale.
I'm never going to rule anything out in life, because most of what I'm doing now, I never intended to do.
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