Franco Modigliani Quotes

Franco Modigliani

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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