Word: fisherisms
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...Irving Fisher lives on in American economic history mainly as a laughingstock. He was, after all, the ninny who declared on Oct. 15, 1929, that stock prices had reached "what looks like a permanently high plateau." Two weeks later, stocks plunged off that plateau--not to return to their 1929 level for a quarter-century...
There was more to Fisher than those infamous words. The longtime Yale professor was a successful entrepreneur (he devised and marketed a precursor to the Rolodex), the author of a best-selling textbook on personal hygiene, one of the most prominent backers of Prohibition and a leading eugenicist (that is, he believed the human race could be improved through the weeding out of "degenerates...
...Richard Fisher, president of the Dallas Federal Reserve Bank, just returned from a trip to China, where, he told the Wall Street Journal, "senior officials grilled me about whether or not we are going to monetize the actions of our legislature. I must have been asked about that a hundred times...
...Prime Minister Wen Jiabao. The man whose name now graces dollar bills in the United States was, in effect, meeting his bankers. But if those two pressed the Treasury Secretary about whether their government's huge investments in the U.S. are safe - the way some of their colleagues "grilled" Fisher, Geithner's former colleague on the Federal Reserve Board - it's a secret. Indeed, the Treasury Secretary told reporters that, far from an obsession about whether the U.S. was going to reflate its way out of trouble (and debase its currency in the process), the issue didn't even come...
...title for the first time since 2006. “I’m extremely proud of all of our players,” Green said. “This year we really stuck together and found a way.” —Staff writer Jake I. Fisher can be reached at jifisher@fas.harvard.edu...