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 More Quotes by Franco Modigliani More Quotes From Franco Modigliani A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable. Franco Modigliani rewards jobs people High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk. Franco Modigliani safety risk errors Is it important that the rent of Franco Modigliani government important land People confuse economists and economic policy. Franco Modigliani economists economic policy people I am a believer in cooperation. Franco Modigliani am i-am cooperation believer 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 value economic economics science With the danger of war, there is a danger that the economy will go down. Franco Modigliani down will go war
