A biography for Franco Modiglianihasn’t been written yet.
“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.”
“People confuse economists and economic policy.”
“With the danger of war, there is a danger that the economy will go down.”
“I am a believer in cooperation.”
“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.”