In Fact, The World Needs More Nerds.

I And Others Were Mistaken Early On In Saying That The Subprime Crisis Would Be Contained. The Causal Relationship Between The Housing Problem And The Broad Financial System Was Very Complex And Difficult To Predict.

Under A Cold Turkey Strategy, At Each Policy Meeting The Federal Open Market Committee Would Make Its Best Guess About Where It Ultimately Wants The Funds Rate To Be And Would Move To That Rate In A Single Step.

The Economic Repercussions Of A Stock Market Crash Depend Less On The Severity Of The Crash Itself Than On The Response Of Economic Policymakers, Particularly Central Bankers.

I'd Throw Dollars Out Of Helicopters If I Had To, To Stimulate The Economy.

Indeed, In General, Healthy Investment Returns Cannot Be Sustained In A Weak Economy, And Of Course It Is Difficult To Save For Retirement Or Other Goals Without The Income From A Job.