The Need For Values Is Inbred. Their

If We Are To Remain Preeminent In Transforming Knowledge Into Economic Value, America's System Of Higher Education Must Remain The World's Leader In Generating Scientific And Technological Breakthrough, And In Meeting The Challenge To Educate Workers.

Without The Triggers, That Tax Cut Is Irreponsible Fiscal Policy. Eventually, I Think That Will Be The Consensus View.

It's Hard To Overemphasize How Important Ford's Deregulation Was. True, Most Of The Benefits Took Years To Unfold-rail Freight Rates, For Example Hardly Budged At First. Yet Deregulation Set The Stage For An Enormous Wave Of Creative Destruction In The 1980s.

As Long As We Issue Fiat Currency, I See No Alternative To A Legal Tender Law.

Given Our Inevitably Incomplete Knowledge About Key Structural Aspects Of Our Ever-changing Economy And The Sometimes Asymmetric Costs Or Benefits Of Particular Outcomes, A Central Bank... Need To Consider Not Only The Most Likely Future Path For The Economy But Also The Distribution Of Possible Outcomes About That Path. They Then Need To Reach A Judgment About The Probabilities, Costs, And Benefits Of The Various Possible Outcomes Under Alternative Choices For Policy.