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"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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"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."
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"The ordinary public is a puppet of worthless news and media."
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"The media in America has become so cowed and compromised."
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"Television is now the dominant factor in the lives of too many American children."
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"Spending waiting moments doing crossword puzzles or reading a book you brought yourself."
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"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!"
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"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."
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"In some ways the domestic reporting is a lot easier because Americans will talk to you about anything."
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"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."
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"There's no denying that television is one of the most powerful propaganda media we've ever invented."
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"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.'"
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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 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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"The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it."
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