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Theory Quotes

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Theory Quotes

“Rebels and dissidents challenge the complacent belief in a just world, and, as the theory would predict, they are usually denigrated for their efforts. While they are alive, they may be called 'cantankerous,' 'crazy,' 'hysterical,' 'uppity,' or 'duped.' Dead, some of them become saints and heroes, the sterling characters of history. It's a matter of proportion. One angry rebel is crazy, three is a conspiracy, 50 is a movement.”

“Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy.”

“Constraint theory asks: What is the price for doing this? Now one way around constraint theory is declaring your enemy crazy. Crazy and stupid are not concepts used in forecasting. When people say they're really stupid or they're crazy, that's laziness. That means I don't want to think through their position or about what they're really going to do.”