Word: miltons
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Tough talk from Anna Schwartz, a financial sage who has seen it all, having lived through the crash of 1929 and co-authored with Nobel laureate Milton Friedman the highly acclaimed financial bible A Monetary History of the United States (Princeton University Press...
...antidiscretion case has been made for years with regard to Federal Reserve monetary policy. Becker's Chicago teacher Milton Friedman thought that instead of tweaking interest rates, the Fed should just automatically increase the money supply 3% to 4% a year. Measuring the money supply in an era of financial innovation has turned out to be awfully hard, so in recent years believers in an automated Fed have turned to an equation concocted by Stanford economist John Taylor that takes in inflation, current economic growth and long-term-trend growth and churns out a suggested Fed interest-rate target. Taylor...
...that people responsible for past errors show remorse. By not apologizing or showing more remorse, the TRC says, Johnson Sirleaf denied both her own responsibility and undermined the TRC process. Those who disclosed their misdeeds in greater detail and showed remorse were not recommended for further censure or prosecution. Milton Blayi, whose nomme de guerre was General Butt Naked because he entered the battlefield completely naked but for his boots, admitted culpability for as many as 20,000 deaths, for example. But, he now speaks often and publicly about repentance...
...figure in the revival was the University of Chicago's Milton Friedman--and his libertarian ideological bent was certainly a factor. Friedman never believed markets were perfectly rational, but he thought they were more rational than governments. Friedman saw the Depression as the product of a Fed screwup--not a market disaster--and convinced himself and other economists (without much evidence) that speculators tended to stabilize markets rather than unbalance them...
...Milton Berle said, "Retire? To what?" I don't envision retirement. I'm not a good sitter-arounder, if that's a term. It doesn't suit...