Word: economists
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Dates: during 1990-1999
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...Economist Glenn C. Loury has argued that black Americans' chances of persuading the white majority to back aid to urban education, compassionate welfare reform and affirmative action depend on gaining their respect. And, as a high-ranking black official told me last week, "there is not a single member of the District government who commands respect in Congress. As long as Marion is the mayor, that is going to be the case...
...everyone agrees. There is still a basic free-market argument that business has no business in anything but making money--which of itself will provide plenty of social benefits. One who has made that point for decades is the Nobel prizewinning economist Milton Friedman. Says he: "It was a very fashionable topic some 20 years ago, and then it sort of died down; all of a sudden it has become very fashionable again. I think it is all rhetoric...
...using the figure of $27 because that's an economist's estimate of how much the "average driver" would save on gasoline every year if he no longer had to pay the 4.3 cents-per-gal. tax hike. It's a figure based on the assumption that the oil companies, long known for their exquisite sense of fair play, will pass the full saving on to consumers...
...devours between meetings in his north Dallas district. (McDonald's hamburgers are more efficient than Wendy's, Armey says, because "they don't drip.") He is as likely to quote Popeye--"I yam what I yam," he told a town-hall gathering in April--as his idol, Nobel-prizewinning economist Milton Friedman. And as a devout libertarian conservative, the House majority leader steers by strong convictions--against farm subsidies, in favor of opening U.S. borders to more immigrants--even when those convictions put him at odds with some of his party's powerful interest groups...
...there is any silver lining, it is perhaps that Radcliffe's multidisciplinary panels saw no deliberate villainy or single cause for blame. "Everyone is looking for scapegoats--the government, welfare mothers, the private sector," says Marina Von Neumann, former chief economist for General Motors. "But there just aren't any scapegoats." Yet the flip side of that, points out Ann Bookman, policy and research director of the women's bureau of the Department of Labor, is that "no one sector can take this on single-handedly...