Jews From The United States

"The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism."

"It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much that seems so counter to what the world is like. Many of the things that I'm going to describe make so much more common sense than these notions that seem counter to what ones eyes see every day."

"They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets — for instance, whenever information is imperfect, which is to say always."

"The reason that the invisible hand often seems invisible is that it is often not there."

"Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working."

"There is little doubt that the observation that quality may depend on price (productivity on wages; default probability on interest rates) has provided a rich mine for economic theorists: A simple modification of the basic assumptions results in a profound alteration of many of the basic conclusions of the standard paradigm. The Law of Supply and Demand has been repealed. The Law of the Single Price has been repealed. The Fundamental Theorem of Welfare Economics has been shown not to be valid. More than that, the theories that we describe here provide the basis of progress toward a unification of macroeconomics and microeconomics. They pro vide an explanation of unemployment and credit rationing, derived from basic microeconomic principles. It is a theory in which the extensive idleness that periodically confronts society's resources, human and capital, is seen as but the most obvious example of market failures that prevasively and persistently distort the allocation of resources."

"No one is going to beat the crap out of me more than me."

"I always sang at temple growing up. I got a good reaction from Mrs. Goldberg and Mrs. Rosenbaum and the other old ladies."

"Everything I am came from my parents. I don't take that much credit for who I am and what I am."

"It's pretty early out here in L.A., but I can guarantee it will happen today, I sure am lucky. It's better than NOT having it."

"I'd have sex with a number of the Muppets. I just don't talk about it publicly. It's private. Although a hint is, that there was a character in Elmo in Grouchland who was called "My Lady" and that's all I'll say."

"If we can't keep our Palestinian neighbors and Muslim neighbors alive with good water and fresh air, we'll never get them to the peace table."

"The greatest work of the composer is often sublimation, that is, the deflection of energies, thoughts, occurrences, psychological and physical reactions, into socially constructive or creative channels."

"I grew up in the Valley, and I didn't know any of our neighbors. I think when you grow up like that, there's always sort of a fantasy of a place where everybody knew each other, and you had that safe sort of feeling."

"These television shows that have 14 shots of somebody looking at each other with the wind blowing through their hair drive me insane."

"Summers’s outlook on economic policy can be summarized by the remark that he gave me some years ago: "If I had your views on economics, I would find another profession." He meant that if free markets usually worked well and the government ought usually to stay out, then he would find economics to be an uninteresting occupation. Fortunately for Summers, he has always believed in the potential benefits from governmental activism, although the strength of this belief may have diminished over time."

"We know the first rule of holes is stop digging. We are in a hole that we have made. If we stop digging, the situation is less serious than if we continue to dig."

"[I]t's important to remember how fortunate we are as a country to have a currency and a bond market that is seen in every way as a source of strength and it’s a huge responsibility for us to keep it that way."

"With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested."

"I know that there is one additional thing that I've learned and that is that what Harvard does and says has an enormous resonance that goes beyond Zip code 02138."

"I deeply regret the impact of my comments and apologise for not having weighed them more carefully … I was wrong to have spoken in a way that has resulted in an unintended signal of discouragement to talented girls and women."

"We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation's right to chart its own course."

"The situation in a number of countries reminds one that it's still a risky world out there in the emerging markets."

"Where countries have been able to carry through on their reform commitments -- as in Korea, Thailand and the Philippines -- results are starting to come in the form of lower interest rates, new investment and increased growth."

"No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive."

"Things take longer to happen than you think they will and then they happen faster than you think they will."

"I think the economic logic behind dumping a load of toxic waste in the lowest-wage country is impeccable and we should face up to that. . . . I’ve always thought that countries in Africa are vastly under polluted; their air quality is probably vastly inefficiently low compared to Los Angeles . . . Just between you and me, shouldn't the World Bank be encouraging more migration of the dirty industries to the Least Developed Countries?"

"Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future."

"The country will not have to pay the piper. Through a combination of sound policy actions and a great deal of good luck we are well on our way to a soft landing and a period of growth and price stability."

"The things you hear now about European unemployment -- that there are structural problems, that real wages have failed to adjust, that there are inflationary fears -- are the same things that were said during the early 1930. It is well established that government spending began to pull Germany out of its slump in 1935. There is no known reason why spending for peace can't do as well at getting the economy going as spending for war."

"I vote to banish Larry Summers. Not from the planet. That wouldn't be nice. Just from public life. The criticisms of President Obama's chief economic adviser are well known. He's too close to Wall Street. And he's a frightful bully, of both people and countries. Still, we're told we shouldn't care about such minor infractions. Why? Because Summers is brilliant, and the world needs his big brain. And this brings us to a central and often overlooked cause of the global financial crisis: Brain Bubbles. This is the process wherein the intelligence of an inarguably intelligent person is inflated and valued beyond all reason, creating a dangerous accumulation of unhedged risk. Larry Summers is the biggest Brain Bubble we've got."

"Sad is a fake word for me to be using, I am still angry that their reason for disagreeing with McCarthy was too often his crude methods. . . . Many of the anti-Communists were, of course, honest men. But none of them . . . has stepped forward to admit a mistake. It is not necessary in this country; they too know that we are a people who do not remember much. I have written here that I have recovered. I mean it only in a worldly sense because I do not believe in recovery. The past, with its pleasures, its rewards, its foolishness, its punishments, is there for each of us forever, and it should be."

"The energy of American Jewish writers was so charged, so buoyant, that for a time they appeared to dominate American fiction. But there was so little Jewish energy in this art that one could invent parlor games over the ethnic or religious identity of its authors: Edna Ferber? Waldo Frank? Lillian Hellman? Nathanael West? Norman Mailer? E. L. Doctorow?"

"Nadine Gordimer writes about black people with such astounding sensibilities and sensitivity-not patronizing, not romantic, just real. And Eudora Welty does the same thing. Lillian Hellman has done it. Now, we might categorize these women as geniuses of a certain sort, but if they can write about it, it means that it is possible. They didn't say, "Oh, my God, I can't write about black people"; it didn't stop them. There are white people who do respond that way though, assuming there's some huge barrier. But if you can relate to Beowolf and Jesus Christ when you read about them, it shouldn't be so difficult to relate to black literature."

"If someone had told me, don't say anything about Lillian Hellman because she'll sue you, it wouldn't have stopped me. It might have spurred me on."

"Every word she writes is a lie, including "and" and "the"."

"Today, when every form of perversion except masturbation and bestiality have been shown on the screen, Hellman, Wyler and the Mirisch Co. apparently thought a re-do of The Children's Hour would sell tickets if lesbianism were not only restored as the charge the evil child falsely brings, but also condoned … There is an explicit line of dialogue which asserts that those who choose to practice lesbianism are not destroyed by it — a claim disapproved by the number of lesbians who become insane and/or commit suicide."

"You are reminded that this subject has a national reputation through her writings in which she has opposed Nazism and fascism. Under no circumstances should it be known that this bureau is conducting an investigation of her. It should be handled in a most discreet manner and under no circumstances should it be assigned to the local police or some other agency."

"During breakfast the next morning, my assistant called. "Have you seen the papers?" she said. "Hellman is suing Mary McCarthy, PBS, and you for two and a quarter million." "And me?" I replied, in a prepubescent squeak. The other phone rang, and the familiar whiskey-and-cigarettes baritone rasped, "Why the hell didn’t you defend me?" "I guess I never thought of you as defenseless, Lillian," I managed. "That’s bullshit. I’m suing the whole damn bunch of you." In that, at least, she proved a woman of her word. I had been to dinner at Lillian’s, and she, too, had been on my show. She was a sharp and entertaining guest—an eager appearer, arriving early, looking as if she’d just stepped out of Elizabeth Arden. No one was neutral about Lillian. She had a famous friendship with Dorothy Parker, yet to Jean Stafford she was "Old Scaly Bird." A professional critic talking about a public figure is rarely the stuff of lawsuits. Incredibly, Hellman denied being a public figure, forgetting, perhaps, that she had recently appeared in a national advertising campaign for Blackglama furs, which used only women who were so identifiable that their names were omitted; the copy read "What becomes a legend most?""

"I think she is one of our ablest playwrights. As a playwright I have tremendous respect for her. As a person she is not my cup of tea."

"To many intellectuals the radicals had become the chief, perhaps the only, enemy. … Not alone because the radical's reasons were suspect but because his convictions would lead to a world that deprived the rest of us of what we had. Very few people were capable of admitting anything so simple. But the antiradical camp contained the same divisions: often they were honest and thoughtful men, often they were men who turned down a dark road for dark reasons. But radicalism or anti-radicalism should have had nothing to do with the sly, miserable methods of McCarthy, Nixon and colleagues, as they flailed at Communists, near-Communists, and nowhere-near Communists. Lives were being ruined and few hands were raised in help. Since when do you have to agree with people to defend them from injustice?"

"I like people who refuse to speak until they are ready to speak."

"Nobody outside of a baby carriage or a Judge's chamber can believe in an unprejudiced point of view but, simply in self-interest, the biographer must try for one, or make us believe he has, or tell us that he hasn't."

"Old paint on a canvas, as it ages, sometimes becomes transparent. When that happens it is possible, in some pictures, to see the original lines: a tree will show through a woman's dress, a child makes way for a dog, a large boat is no longer on an open sea. That is called pentimento because the painter "repented," changed his mind. Perhaps it would be as well to say that the old conception, replaced by a later choice, is a way of seeing and then seeing again. That is all I mean about the people in this book. The paint has aged and I wanted to see what was there for me once, what is there for me now."

"Nothing, of course, begins at the time you think it did."

"We will not think noble because we are not noble. We will not live in beautiful harmony because there is no such thing in this world, nor should there be. We promise only to do our best and to live out our lives. Dear God, that's all we can promise in truth."

"A man should be jailed for telling lies to the young."

"I am prepared to waive the privilege against self-incrimination and to tell you everything you wish to know about my views or actions if your committee will agree to refrain from asking me to name other people. If the committee is unwilling to give me this assurance, I will be forced to plead the privilege of the fifth amendment at the hearing."

"I am ready and willing to testify before the representatives of our Government as to my own opinions and my own actions, regardless of any risks or consequences to myself. But I am advised by counsel that if I answer the committee’s questions about myself, I must also answer questions about other people and that if I refuse to do so, I can be cited for contempt. My counsel tells me that if I answer questions about myself, I will have waived my rights under the fifth amendment and could be forced legally to answer questions about others. This is very difficult for a layman to understand. But there is one principle that I do understand: I am not willing, now or in the future, to bring bad trouble to people who, in my past association with them, were completely innocent of any talk or any action that was disloyal or subversive. I do not like subversion or disloyalty in any form and if I had ever seen any I would have considered it my duty to have reported it to the proper authorities. But to hurt innocent people whom I knew many years ago in order to save myself is, to me, inhuman and indecent and dishonorable. I cannot and will not cut my conscience to fit this year’s fashions, even though I long ago came to the conclusion that I was not a political person and could have no comfortable place in any political group."

"Lonely people, in talking to each other can make each other lonelier."