“My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.” ShouldHouseGoalLinesPolicyBottomEmploymentRisingAssetsInflationBottom LineMonetaryVariablesOutputCentral BanksMonetary PolicyRising Prices Author:Janet Yellen
“The difference between fear and panic is knowing what to do. If you have a reliable, effective solution then fear is an asset. You know what to do and fear just makes you do it faster. On the other hand, if you don't know what to do - or don't trust what you know - then you will freeze in terror, because you have no clear goal or way to get there. Fear helps, panic hinders. Fear is your savior, panic your nemesis.” IfsKnowsWayHelpingHandsGoalDifferencesKnowingClearSolutionsTerrorFasterAssetsSaviorPanicFreezeDon't TrustHinderNemesisKnowing What To DoClear Goals Author:Marc MacYoung
“I really rate Paul Scholes, because he hasn't got the high profile of many of the Manchester United players, he doesn't get too much attention, but he is one very good player. He is an intelligent player, he works hard and he scores some great goals. He is not flamboyant and is a quiet lad off the pitch but he is a tremendous asset to Manchester United and to England. He has already got my vote as player of the year.” YearsHardGoalUnitedAttentionToo MuchPlayerHard WorkQuietVoteEnglandIntelligentRateVery GoodScoreAssetsProfileManchesterLadManchester UnitedScholesFlamboyantHigh ProfilePaul Scholes Author:Tony Adams
“The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.” IfsShouldLongRunningSoundGoalGrowthEconomicAssetsBubblesLong RunsFrameworkEconomic GrowthVigilant Author:Christina Romer