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Franco Modigliani Quotes
Franco Modigliani Quotes
Franco Modigliani
Italian
Economist
Born:
Jun 18
,
1918
Died:
Sep 25
,
2003
Agree
Deficit
Feel Good
Pay
People
You
Related authors:
Adam Smith
Alan Greenspan
E. F. Schumacher
John Kenneth Galbraith
John Maynard Keynes
Milton Friedman
Paul A. Volcker
Thomas Sowell
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.
Franco Modigliani
Science
Disagree
Value
Economics
Judgment
About
Economic
Had
Economic Policy
Disagreements
Economists
Policy
Because
Famous
Agree
Profound
Milton
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.
Franco Modigliani
Good
You
Feel Good
Pay
Deficit
Later
Immediate
Trip
Feel
Like
Until
Make
Makes
Go
Effect
Get
Hangover
Then
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