A Quote by Urjit Patel
There will always be divergence of views on the output gap, as it is unobservable in a rigorous direct sense. There are only estimates. How can there be a strong consensus on that?
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Debate and divergence of views can only enrich our history and culture.
The law of balance is a law of applied consciousness. You can never change it. You will get one thing, you lose the other, you get third thing, you lose the fourth. Always there will be a gap. The 'law of gap' is that there is no gap and how can that gap be filled? Be in gratitude. Make an attitude to be in gratitude, you will find the whole Universe will come to you.
No matter how strong the storm, how hard the rain and how vicious the wind there is always a gap in the clouds for the light to shine through
How do I know that I know this, except that I've always been taught this and never heard anything else? [...] How sure am I of my own views? Don't take refuge in the false security of consensus, and the feeling that whatever you think you're bound to be okay, because you're in the safely moral majority.
There is a philosophy that says that if something is unobservable -- unobservable in principle -- it is not part of science. If there is no way to falsify or confirm a hypothesis, it belongs to the realm of metaphysical speculation, together with astrology and spiritualism. By that standard, most of the universe has no scientific reality -- it's just a figment of our imaginations.
If there are differences of views or divergence of ideas, they can be resolved through discussion and dialogue.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
There are very few errors and false doctrines of which the beginning may not be traced up to unsound views about the corruption of human nature. Wrong views of the disease will always bring with them wrong views of the remedy. Wrong views of the corruption of human nature will always carry with them wrong views of the grand antidote and cure of that corruption.
There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.
Bridget [Jones] was always, at heart, about the gap between how you feel you're expected to be and how you actually are and that gap has only widened. Young people now are entering an uncharted sea, where there's huge pressure to judge yourself on how many Likes or Followers you get on Facebook, Twitter, or Instagram, rather than the on important things like being kind, honest, resilient, funny and a good friend.
If you are offended by reading views that disagree with yours, then yes, you will be offended. However, it is not gratuitously offensive, it simply puts an argument, and if your views are strong enough, as I believe they are, you will be able to defend your views. You will not say, "Oh, it's offensive, it's offensive." You will say "No, you are wrong here and you are wrong here," and that's what you should do.
I don't believe we're seeing the beginning of a divergence. We have seen a partial divergence on this case.
You have to understand how the human eye behaves when it views a scene for the first time. Work with that knowledge, and your paintings will have more drama and will evoke strong reactions.
I can give an undertaking that we will respect the constructive opinion of the opposition. We will look into their views, and how they reflect the people's views.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
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