Phrase by 'Franco Modigliani'
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People confuse economists and economic policy.
Author: Franco Modigliani - Italian EconomistPeople , Policy , Economic , Economists
With the danger of war, there is a danger that the economy will go down.
Author: Franco Modigliani - Italian EconomistWill , War , Go , Down
I am a believer in cooperation.
Author: Franco Modigliani - Italian EconomistI Am , Am , Believer , Cooperation
Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.
Author: Franco Modigliani - Italian EconomistScience , Value , Famous , Economics
The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.
Author: Franco Modigliani - Italian EconomistYou , Feel , Good , Feel Good