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Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.
When you see government leaders really bullying business, you know that government's economic policy is failing. They get angry and they get desperate.
I don't imagine Heads of Government would ever be able to say I'm not an economist therefore I can't take decisions on matters of the economy; I'm not a soldier I can't take decisions on matters of defence; I'm not an educationist so I can't take decisions about education.
Kids born into certain ZIP codes will most likely have certain educational outcomes. And we've got to end that. If we end that, we explode economic development.
Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.
Economic growth can enable development if it is supplemented by public policies that encourage circulation of wealth, especially into crucial areas such as public healthcare and education.
There is no better example of social and economic policy discussion as an idle pastime for the rich than the World Economic Forum at Davos. These guys make the millionaire schmoozers at the Aspen Ideas Festival look like short-order cooks.
I thought the Bush economic policy was a disaster. We lost 500,000 private sector jobs during his tenure.
