“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.” FirstsHas BeensFallCausesHalfGrowingProductsColdOfficePercentRateSignificantBudgetsAnalysisGrossDeficitTurkeysCliffsReductionRecessionsAnnualsGross Domestic ProductCold Turkey Author:Christina Romer
“In obedience to the feeling of reality, we shall insist that, in the analysis of propositions, nothing "unreal" is to be admitted. But, after all, if there is nothing unreal, how, it may be asked, could we admit anything unreal? The reply is that, in dealing with propositions, we are dealing in the first instance with symbols, and if we attribute significance to groups of symbols which have no significance, we shall fall into the error of admitting unrealities, in the only sense in which this is possible, namely, as objects described.” IfsFirstsMayFeelingsRealityFallGroupsObjectsErrorsInstanceSymbolsObedienceAnalysisSignificanceAttributesPropositionsUnrealAdmittingUnreality Book:Introduction to Mathematical Philosophy Source: Introduction to Mathematical Philosophy
“Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis.” TryingFallQualityDivinePreparedAnalysisBe PreparedDo The BestCentral BanksDivine Wisdom Author:Mary Kay Ash