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"Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh."
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"There is no more respected or influential forum in the field of journalism than the New York Times. I look forward, with great anticipation, to contributing to its op-ed page."

"The media in America has become so cowed and compromised."

"Television is now the dominant factor in the lives of too many American children."

"When a man looks across a street, sees a pretty girl, and waves at her, that's not a rendezvous, that's a passing acquaintance. When he walks across the street and nibbles on her ear, that's a rendezvous!"

"Then, after showing the pill and some graphics, those same people appeared again, looking happier.The Reb and I watched in silence. After it ended, he asked, "Do you think those pills work?"Not like that, I said."No," he agreed. "Not like that."

"Our business is communication oftentimes through the medium of stories but our capacity has a far greater scope - to entertain certainly, but also to stimulate debate, to mark up changes and differences and that way, to maybe, just now and then, to change the world."

"There's no denying that television is one of the most powerful propaganda media we've ever invented."
Explore more quotes by Thomas J. Sargent


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


"Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh."
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