Edward Lazear
Edward Lazear
Edward Paul Lazear is an award-winning American economist, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution at Stanford University and the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford Graduate School of Business...
NationalityAmerican
ProfessionEconomist
CountryUnited States of America
direction exactly move problem wrong
It would be a significant problem and it would move in exactly the wrong direction.
direction encourage exactly longer move period time wrong
Over the longer period of time it would move in exactly the wrong direction because it would encourage us to use more oil, not less.
reality short
There's not much we can do about it in the short run, and that's the reality.
best efficient issues number study tax using
But there are other issues that we have to think about is that the best way to be using our tax revenues? Is it the most efficient way to allocate our resources? And so there are a number of issues that are under study on that.
abroad account attractive buying capital goods investing means record side states surplus trade united
On the other side of the trade deficit, of course, is the capital surplus. We are buying more goods than we are selling, but, on the other hand, the capital account surplus means that the United States is such an attractive market...that individuals from abroad are investing in the United States...at a record rate.
continued expect fourth looking quarter rather strong trend view
Most who have been looking at the fourth quarter view that as a blip rather than a trend and expect a continued strong economy.
policies
That probably is one of the policies we would like to avoid.
economic levels lower wage
We would see lower levels of investment, lower economic growth, and as a result, lower wage gains.
way income rich
The term 'income inequality' is a bit misleading because it suggests in a somewhat pejorative way that the rich are getting richer at the expense of the poor,
perception littles economy
It is a little surprising given the strength of the economy that there is a perception - at least among some of the public - that the economy is not very good.
running long growth
The only way to eliminate the deficit in the long run is through growth.
cutting worry gasoline
One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use.
catch expect growth moving phase wage
We are moving into that phase where we expect that wage growth will catch up and take productivity over.
longer period
Over a longer period of time, it would be a significant problem.