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Quote by Devon Alexander

“People want to criticize everything you do. People criticize Pacquiao, Mayweather or Obama, everyone that is at the top of their game.”

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Devon Alexander

Devon Alexander, born on February 10, 1987, is a renowned American professional boxer. Known for his elegant boxing style and exceptional technique, he has won multiple championship titles in the super middleweight and middleweight divisions. more

“Questions like, "Is my suit OK?", or "Is my job performance satisfactory?", are impossible to think about in the absence of a suitable frame of reference. For an interview suit to serve its purpose, it must make you look good relative to other candidates for the job you want. For your job performance to be satisfactory, it must compare favorably with the performance of others who want the same promotion you do. As Charles Darwin saw clearly, much of life is graded on the curve, and conventional economic models completely ignore that fact.”

“We're in a classic demand-shortfall recession. There aren't enough jobs because total spending is too low. Consumers won't lead the way because they're busy paying down debt and are fearful they'll lose their jobs, if they haven't already. Businesses, which are currently sitting on mountains of cash, won't spend either, because they already have sufficient capacity to produce more than people are willing to buy.”

People Ifs Way Enough Jobs Loses Havens Produce Willing Demand Mountain Lows Sitting Capacity Busy Debt Spending Consumers Classic Sufficient Cash Fearful Recessions

Author:Robert H. Frank

“As John Maynard Keynes taught us in the 1930s, in such situations, government is the only entity with both the motive and the ability to boost total spending by enough to put people back to work. As it happens there are long lists of important public projects that cry out to be done.”

People Long Important Done Enough Government Happens Ability Situation Cry Taught Projects Spending Lists Motive Entity Taught Us Boost 1930s Back To Work Keynes

Author:Robert H. Frank

“Getting the economy back on its feet is properly viewed as an investment in future prosperity. When businesses and consumers confront attractive investment opportunities, often the only way to seize them is by borrowing. The same is true for government. Contrary to the pronouncements of critics of economic stimulus, these investments will not impoverish our grandchildren. Continuing to allow the economy to languish in recession is the surest way to impoverish them.”

“Only the federal government has the power to spend beyond its current revenue. It shouldn't do that when the economy is at full employment. But it's an essential step for an economy mired in recession.”

Government Steps Economy Essentials Currents Employment Federal Government Revenue Recessions

Author:Robert H. Frank

“As economists have long noted, the puzzle is not that so few people vote, it's that so many do. After all, no individual's vote has ever tipped the balance in a presidential election.”

People Long Individual Balance Vote Election Presidential Puzzles Economist Presidential Election

Author:Robert H. Frank

“Adam Smith's uncritically enthusiastic modern disciples portray his invisible hand theory as saying that market forces reliably harness selfish individuals to serve the common good. That's often true, but as Darwin recognized clearly, many traits that serve the interests of individual animals make life more difficult for larger groups.”

Hands Individual Force Difficult Interest Animal Common Groups Modern Theory Selfish Invisible Adam Traits Disciple Enthusiastic Common Good Harness Invisible Hand

Author:Robert H. Frank

Quote by Devon Alexander

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