A Quote by Thomas J. Sargent
In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'
Related Quotes
In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.
The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.
Besides, the sense of safety offered by bottled water is a mirage. It turns out that breathing, not drinking, constitutes our main route of exposure to volatile pollutants in tap water, such as solvents, pesticides, and byproducts of water chlorination. As soon as the toilet is flushed or the faucet turned on-or the bathtub, the shower, the humidifier, the washing machine-these contaminants leave the water and enter the air. A recent study shows that the most efficient way of exposing yourself to chemical contaminants in tap water is to turn on a dishwasher.
In the mid-1980s, there wasn't a representation of gayness on television. Our glitter and our goofiness and our great costumes made in Vegas; the cheekiness and campiness of the show, it turns out little boys who were gay coveted our act.
Most of us function under the model we have to get something in order to do something, in order to be something. If this happens, then I will be happy. And I'm suggesting to you that we live our entire lives based on that model, and that model is fundamentally flawed.
I will go out again this very night with my rockets and fuses. I will blow them straight out of their comfortable beds. Blow the rooftops off their houses. Blow the black, wretched night to bits. I will not stop. For mad I may be, but I will never be convenient.
Someday stars will wind down or blow up. Someday death will cover us all like the water of a lake and perhaps nothing will ever come to the surface to show that we were ever there. But we WERE there, and during the time we lived, we were alive. That's the truth - what is, what was, what will be - not what could be, what should have been, what never can be.
I saw Donald [Trump] saying that there were some Iranian sailors on a ship in the waters off of Iran, and they were taunting American sailors who were on a nearby ship. He said, you know, if they taunted our sailors, I'd blow them out of the water and start another war. That's not good judgment.
If you believe you can shed pounds quickly by force of will and deprivation, you will in all likelihood not only regain the ones you lost, but add a few more besides.
If you could breathe a breath so strong you could blow out the wolf. Like you blow out the copo. Like you blow out the fire from the candela. The wolf is made the way the world is made. You
cannot touch the world. You cannot hold it in your hand for it is made of breath only.
How many of us will be saved the pain of seeing the most important things in our lives disappearing from one moment to the next? I don't just mean people, but our ideas and dreams too: we might survive a day, a week, a few years, but we're all condemned to lose. Our body remains alive, yet sooner or later our soul will receive the mortal blow. The perfect crime - for we don't know who murdered our joy, what their motives were, or where the guilty parties are to be found...they too are the victims of the reality they created.
It could be that our faithlessness is a cowering cowardice born of our very smallness, a massive failure of imagination... If we were to judge nature by common sense or likelihood, we wouldnt believe the world existed.
We are wide open and vulnerable and in all likelihood an activist judge will strike down our Defense of Marriage Act, our state law against gay marriage, this year. And in all likelihood, we will have gay marriage in 2004 in Minnesota , if we don't get this amendment on the ballot for November.
He warned Mother not to flout God's Will by expecting too much of us. "Sending a girl to college is like pouring water in your shoes,' he still loves to say, as often as possible. 'It's hard to say which is worse, seeing it run out and waste the water, or seeing it hold in and wreck the shoes.
But I know too that if we ever make a world without shadow, if the chemists and scientists and psychologists succeed in abolishing fear, pain, loneliness, death, some of us will find life so intolerable we will probably blow out our brains out of sheer boredom.
Too much of water hast thou, poor Ophelia, And therefore I forbid my tears: But yet It is our trick; nature her custom holds, Let shame say what it will: when these are gone, The woman will be out. — Adieu, my lord! I have a speech of fire, that fain would blaze, But that this folly drowns it.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist