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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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"A newspaper is an oversized book with adverts and an expiry date."
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Personal Development

"I will say we now, in the polling in Wisconsin, much different than many other races, the public didn't perceive that we were getting a fair shake from the media."
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"Today it is not the classroom nor the classics which are the repositories of models of eloquence, but the ad agencies."
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"Tactical use of the media can be equated to power behind your skill or special ability. It is in the power of the media to help market your brand. You just need to look at Hollywood, European football, Bollywood, Nollywood, Global fashion & modeling, showbiz and even humanitarian efforts, to appreciate that the making and destroying of stars, initiatives and legends is to a greater extent influenced by the role played by the media."
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"Advertisements contain the only truth to be relied on in a newspaper."
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"The media only wants to get the view of the flaming radicals because they make better copy than those of us who are more sensible. I'm a feminist and I think I've done a lot of good."
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"If you interviewed 1,000 politicians and asked about whether the media's too soft or too hard, about 999 would say too hard."
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"My strangest media moment a photo session they all had dressed up like 50 gangsters. That was pretty cool. We have to get some more of those kind of photos sometimes."
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"Why does there exist a global American entertainment industry, but there isn't an equivalent coming from France or Italy? This is the case simply because the English language opens the whole world to the American cinema."
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"Tell us exactly - certainly our listeners - why does it appear that some folks, certainly in the Democratic Party and in the news media - seem to be afraid of you?"
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"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
Expectation


"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."
Media


"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."
Media


"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.'"
Sense
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