“Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.”

“Economists often like startling theorems, results which seem to run counter to conventional wisdom.”

“The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities.”

“Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.”

“I grew up in a family in which political issues were often discussed, and debated intensely.”