"Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects"

-- Christina Romer

#Cutting Quotes #Impact Quotes #Negative Quotes

“The bulk of the world's knowledge is an imaginary construction.”
“Stop viewing China like it's the Cold War. Start viewing them as a modern member of the industrialized world.”
“A writer must teach himself that the basest of all things is to be afraid.”
“In spite of their obvious differences, folk art and popular art have much in common; they are easy to understand, they are romantic, patriotic, conventionally moral, and they are held in deep affection by those who are suspicious of the great arts. Popular artists can be serious, like Frederick Remington, or trivial, like Charles Dana Gibson; they can be men of genius like Chaplin or men of talent like Harold Lloyd; they can be as uni versal as Dickens or as parochial as E.P. Roe; one thing common to all of them is the power to communicate directly with everyone.”
“I'm challenging myself to reverse the hate.”
“Sometimes at lectures I am asked: how would the champions of the last century play today? I think that, after making a hurried study of modern openings, and watching one or two tournaments, the champions of the last century, and indeed the century before that, would very quickly occupy the same place that they occupied when they were alive.”
“Story is a yearning meeting an obstacle.”
“I didn't even think about movies where I came from. I wanted to be on the stage.”

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