For some reason, I just loved it. There was a sense of optimism and joy in the 1920s.
What is happening is a little like what happened in the 1920s, the period where demand growth was quite strong but supply growth was even faster. You had new technology then, it was electric power. Now its computing power.
A capitalist economy goes through cycles, and 2000 was the peak in the latest cycle, which had lots of similarities to the 1960s and the 1920s. Now we're somewhere in this sort of troublesome period like the 1970s.
Just as outlawing alcohol did not work in the 1920s, current attempts to prohibit online gambling will not work, either.
(May 16, 1945 - )
I think it would be great if you one day just went to sleep and woke up and it was 1920s Paris. That would be excellent, ... But I don't know, because there could be just dirt and worms.
(June 09, 1963 - )
I think they're likely to lower the funds rate 25 basis points and the reason is when they sit around the FOMC [Federal Open Market Committee] table, I think they will perceive that the risk to the economy and financial markets are still to the down side, but it's not a slam dunk.
He can get you baskets. He can rebound. I don't know if we've got a guy who can run up and down the floor as fast as he can.
Don't try to fix the students, fix ourselves first. The good teacher makes the poor student good and the good student superior. When our students fail, we, as teachers, too, have failed.