A Quote by John McCain
The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.
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You start thinking about a character in a new book, of course you're going to think pretty soon, 'Well, what's their secret? What is their problem?' Maybe, 'What is their secret?' is another way of saying, 'What is their problem?' There's got to be some issue, or you've got a totally boring book!
I have long understood that climate change is not only an environmental issue - it is a humanitarian, economic, health, and justice issue as well.
When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.
Any issue, including political, economic and religious activities human beings pursue in this world, should be fully understood before we pass our judgement. Therefore, it is very important to know the causes. Whatever the issue, we should be able to see the complete picture. This will enable us to comprehend the whole story.
The narrative related to economics is, I think, very well understood even by the common man.
It is a pity to make a mystery out of what should most easily be understood. There is nothing occult about the thought that all things maybe made well or made ill. A work of art is a well-made thing - that is all. It may be a well-made statue of a well-made chair or a well-made book. Art is not a special sauce applied to ordinary cooking; it is the cooking itself that is good. Most simply and generally, Art may be thought of as "The Well Doing of What Needs Doing."
One reason that we eat processed foods is the decline of home economics. Restarting home economics classes is one of the key things we could do to get this issue moving.
So some guy may know how to make money in cocoa beans, but I don't so I just let him have that. But it's got to be something I understand. It's got to be a business with fundamentally good economics. It's got to be a management that I like and trust and admire. And it's got to be a price that makes sense.
I think, for me, there's The Book I Should Write and The Book I Wanted to Write - and they weren't the same book. The Book I Should Write should be realistic, since I studied English Lit. It should be cultural. It should reflect where I am today. The Book I Wanted to Write would probably include flying women, magic, and all of that.
I suddenly understood that if every moment of a book should be taken seriously, then every moment of a life should be taken seriously as well.
[...] it is generally accepted that the Civil War was fought over the issue of slavery. That, at best, is a half-truth. Slavery was an issue, but the primary force for war was a clash between the economic interests of the North and the South. Even the issue of slavery itself was based on economics.
For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.
Personally, I never understood the power of having books written about your experience - whatever that experience may be - until I wrote one and started hearing from teens. I just got an email from a reader who said that "Thirteen Reasons Why" was the first time they had felt understood. A book shouldn't be anybody's first time feeling understood and that's where censorship bothers me. These books need to be out there.
IMPORTANT Book reading is a solitary and sedentary pursuit, and those who do are cautioned that a book should be used as an integral part of a well-rounded life, including a daily regimen of rigorous physical exercise, rewarding personal relationships, and sensible low-fat diet. A book should not be used a as a substitute or an excuse.
The Fed needs an approach that consolidates the gains of the Greenspan years and ensures that those successful policies will continue - even if future Fed chairmen are less skillful or less committed to price stability than Mr. Greenspan has been.
How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.
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