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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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"Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle."
"When the New York Times scratches its head, get ready for total baldness as you tear out your hair."
"In journalism just one fact that is false prejudices the entire work. In contrast, in fiction one single fact that is true gives legitimacy to the entire work. That's the only difference, and it lies in the commitment of the writer. A novelist can do anything he wants so long as he makes people believe in it."
"Pro-government press is not a press it is just a lie-generating ugly machine; it is a guard dog, guarding only the official thieves, not the public!"
"The internet has become a carefully controlled and heavily monitored illusion. It has turned into both a circus and battleground. Popularity is rigged and can be bought. Censorship is in full effect. Popular opinion is fabricated, and the perception of a viewpoint's popularity is typically orchestrated and manipulated by legions of paid trolls. If you want to know the truth about somebody's true popularity and influence, look to the streets. If you want to know if a person is really guilty or innocent, study the facts yourself. Never judge anybody based on what you see or read on the internet. Information can easily be manipulated by the push of a few buttons."
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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."
"In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'"
"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."
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