"Macro rational expectations, as I have labeled the hypothesis, seems to say that expectations in an economist's model must be perfectly consistent with his model that embodies these expectations. In other words, the agents of his model must all share his views of the relevant economic mechanisms, as well as his data. Why? Because if he holds them they must believe they are God's truth and, if so, rational people can have no other views . I submit that this view is pretty absurd--I would almost say offensive! I certainly believe that I know more about economics and the economy than everybody else, and i can even prove it: If everybody shared my vies, then the economy could not be in today's troubles ."

"I think the audience I'd like to reach is increasingly an audience that stays home--a poor audience, a Latino audience, people of color, or people who feel disenfranchised. They're not going out and t…"

"There are two Americas. One is the America of Lincoln and Adlai Stevenson; the other is the America of Teddy Roosevelt and the modern superpatriots. One is generous and humane, the other narrowly egot…"

"The cosy world we were told would go on for ever, where full employment would be guaranteed by a stroke of the Chancellor's pen, cutting taxes, deficit spending – that cosy world is gone. Yesterday, d…"

"I think that sick people in Ankh-Morpork generally go to a vet. It's generally a better bet. There's more pressure on a vet to get it right. People say "it was god's will" when granny dies, but they g…"