Lawrence Lindsey
Lawrence Lindsey
Lawrence B. Lindsey was director of the National Economic Council, and the assistant to the president on economic policy for the U.S. President George W. Bush. He played a leading role in formulating President Bush's $1.35 trillion tax cut plan, convincing candidate Bush that he needed an "insurance policy" against an economic turndown. He left the White House in December 2002 and was replaced by Stephen Friedman after a dispute over the projected cost of the Iraq War. Lindsey estimated...
leading looks rising unlikely
We have rising real incomes for households, leading to rising real consumption. That looks unlikely to be disrupted,
happening unlikely
Because of what's happening in Asia, we are unlikely to see an acceleration of inflation,
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That $40,000-a-year family with two kids could really use that $1,600 to retire that credit card debt, make a down payment on a car, and that's what we really want to see happen,
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I would not be surprised to see 5 percent unemployment by the end of the summer. I would be surprised to see 6 percent.
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Inflation may be dying but it's hardly dead and buried. The world's problems are starting to infect the U.S. and that's what's going to keep the Fed on hold.
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At the start, the euro is going to have problems as a reserve currency. It will ... have to earn its place.
analysis disagree
disagree on the analysis before they ever get to the remedies.
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At first, he was thought of as extreme, but later, with the advent of computers, he was able to run large databases and establish a very large empirical record. I can't think of anyone who's had more impact on public finance in the second half of the 20th century.
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They should expect no more help from the White House,
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The world's problems are starting to infect the U.S. economy,
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The tax cut provides enough of a floor that we don't fall too far. We'll have a base from which to grow.
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Compensation's share of total income is down almost 1-1/2 percent over what it was in 1989. You could have a significant increase in wages and erosion in profits without seeing big changes in prices,
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As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming,
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Right now, if you are running a business in Asia, you have to liquidate just about anything you can just to raise the cash to meet pay day,