#esp

The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it. ↗

— Thomas J. Sargent

#equilibrium #expectations #first #function #likelihood

I would say I was still a Marxist - which is not to be confused with being a Communist. Despite its flaws, Marxism still seems to explain the material world better than anything else. ↗

— Alexei Sayle

#being #better #communist #confused #despite

In a drama of the highest order there is little food for censure or hatred; it teaches rather self-knowledge and self-respect. ↗

— Percy Bysshe Shelley

#drama #food #hatred #highest #highest order

I think there's a poet who wrote once a tragedy by Shakespeare, a symphony by Beethoven and a thunderstorm are based on the same elements. I think that's a beautiful line. ↗

— Maximilian Schell

#beautiful #beethoven #elements #i #i think

A great novel is concerned primarily with the interior lives of its characters as they respond to the inconvenient narratives that fate imposes on them. Movie adaptations of these monumental fictions often fail because they become mere exercises in interior decoration. ↗

— Richard Schickel

#become #characters #concerned #decoration #exercises

We feel very honored to have been offered the responsibility to host this great event, Berlin is a wonderful city that is developing at a tremendous rate, and this decision means that we can now prepare to welcome the world's best athletes to a fascinating place. ↗

— Otto Schily

#been #berlin #best #city #decision

All men are somewhat ridiculous and grotesque, just because they are men; and in this respect artists might well be regarded as man multiplied by two. So it is, was, and shall be. ↗

— Karl Wilhelm Friedrich Schlegel

#because #grotesque #just #just because #man

Values are principles and ideas that bring meaning to the seemingly mundane experience of life. A meaningful life that ultimately brings happiness and pride requires you to respond to temptations as well as challenges with honor, dignity, and courage. ↗

— Laura Schlessinger

#brings #challenges #courage #dignity #experience

When people are scared, they need something done that will make them feel safe, even if it doesn't truly make them safer. Politicians naturally want to do something in response to crisis, even if that something doesn't make any sense. But unfortunately for politicians, the security measures that work are largely invisible. ↗

— Bruce Schneier

#crisis #done #even #feel #invisible

We've been sitting at the compromise table for a long time. We're just waiting for that cold chair to be warmed up by the Republican leadership. They still have time to do the right thing and be responsible. They just seem to be moving further and further away from it. ↗

— Debbie Wasserman Schultz

#been #chair #cold #compromise #do the right thing