Some other older quotes
...when a firm has substantial amounts of debt already in place, and when the original contract interest rate on that debt has not anticipated the new infusion of equity, or could not be renegotiated to reflect it... floating new shares is like pumping gas into another man's car as Mickey Rooney used to say of his alimony payments.
Meton H. Miller
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The great mistake of the gridlock theorists is to suppose that all progress comes from legislation and that more legislation consistently represents more progress.
Lawrence Summers
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What disciplines economics, like any science, is whether your work can be replicated. It either stands up or it doesn’t. Your motivations and whatnot are secondary.
Robert E. Lucas, Jr.
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Ma cleared her throat. "It ain't kin we? It's will we?" she said firmly. "As far as 'kin,' we can't do nothin', not go to California or nothin'; but as far as 'will,' why, we'll do what we will.
John Steinbeck
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But, as the nineteenth century has gone bankrupt through an over-expenditure of sympathy, I would suggest that we should appeal to science to put us straight
Oscar Wilde
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The curious task of economics is to show men how little they know about what they presume that they design.
F.A. Hayek
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I loved the Foundations. Like so many others in my cohort, I internalized its view that if I couldn’t formulate a problem in economic theory mathematically, I didn’t know what I was doing. I came to the position that mathematical analysis is not one of many ways of doing economic theory: It is the only way. Economic theory is mathematical analysis. Everything else is just pictures and talk.
R. E. Lucas, Jr.
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