There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not.

The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.

I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.

What I really don't like is oversimplification.

When I was a graduate student, estimating and interpreting distributed lags topped the agenda of macroeconomists and other applied economists.

I think you've got to watch out for anybody in high school who says he wants to become an economist.

I'm happy to say I am a Harrison-Kreps-Keynesian.

Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.

I love staring at my books for hours just trying to decide which book to read next. Doing that is almost as fun as actually reading them.

What can I say? Death is messy. And she had it coming.

When you're working a three-hour gig, how do you know when to climax? You just watch the crowd and ride the wave. If they're not feeling a song, you move on.

The airheads of Congress will keep their own plush healthcare plan - it's the rest of us guinea pigs who will be thrown to the wolves.

I think that red polka red dress is just iconic.

I lay in my dressing room after being in make-up waiting to go on. They knew I was feeling pretty rotten and they tried to give me time to rest. But I couldn't sleep. I couldn't do anything.

I would love to spend my whole career in Scan Diego because I accept the challenge of turning this team around.

Like slavery and apartheid, poverty is not natural. It is man-made and it can be overcome and eradicated by the actions of human beings.

Compassionate doctors sometimes lie to patients about the severity of their condition, and it is not always wrong to do so.

I'm not religious, so theres no church on Sunday.