Procrustes Stretched
"intuition and imagination and intelligence"
Fed Chair Janet Yellen & Five Easy Pieces: No Toast? Hold the chicken.
Five Easy Pieces: [Bobby wants plain toast, which isn't on the menu]
Bobby: I'd like an omelet, plain, and a chicken salad sandwich on wheat toast, no mayonnaise, no butter, no lettuce. And a cup of coffee.
Waitress: A #2, chicken salad sand. Hold the butter, the lettuce, the mayonnaise, and a cup of coffee. Anything else?
Bobby: Yeah, now all you have to do is hold the chicken, bring me the toast, give me a check for the chicken salad sandwich, and you haven't broken any rules.
Waitress: You want me to hold the chicken, huh?
Bobby: I want you to hold it between your knees.
Five Easy Pieces (1970) - IMDb
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PDF: Janet Yellen and Jim Adamschallenged their department head at Harvard University over the issue of monopoly pricing.
In Time Magazine's January 20, 2014 issue, Rana Foroohar has an article on this. In it the co-authored paper is said to have been inspired from a scene in the movie Five Easy Pieces. The paper (see pdf link above) sheds "light on why companies try to bundle services instead of selling them separately, and the results helped shape the telecommunications industry."
Adams says "Janet has the temperament of a real scholar. She's not one of those economists for whom believing is seeing...She's open to argument. She collects information patiently and unbiasedly. So when she's ready to make a call, she doesn't have to rely on intellectual bombast or intimidation." -- (Now that's a real liberal. Not a Lawrence Summers.) -- She was a teaching assistant to legendary Keynesian James Tobin where her class notes became a template for a macroeconomics course. Yellen and this last fact are praised by conservative economist Ken Rogoff.
When the spin/debate/battle/drama over who would replace Bernanke at the Fed was itself over, when it looked like Obama would select Summers, Dallas Fed president Richard Fisher (not an philosophical/ideological soul mate of Yellen) said of Yellen "She was steady and evenhanded, and she didn't overreact. It's exactly what you want in a Fed leader."
Finally, somebody who doesn't believe in the voodoo economics model of invisible hands and unregulated markets at the expense of the societies and people markets are meant to serve.
Rational, sane people know markets aren't nearly as efficient as the free marketeers with their smoke, mirrors, and bombast would have us believe.
dD
Dante
Five Easy Pieces: [Bobby wants plain toast, which isn't on the menu]
Bobby: I'd like an omelet, plain, and a chicken salad sandwich on wheat toast, no mayonnaise, no butter, no lettuce. And a cup of coffee.
Waitress: A #2, chicken salad sand. Hold the butter, the lettuce, the mayonnaise, and a cup of coffee. Anything else?
Bobby: Yeah, now all you have to do is hold the chicken, bring me the toast, give me a check for the chicken salad sandwich, and you haven't broken any rules.
Waitress: You want me to hold the chicken, huh?
Bobby: I want you to hold it between your knees.
Five Easy Pieces (1970) - IMDb
-----------------------------------------------------------------------------------------
PDF: Janet Yellen and Jim Adamschallenged their department head at Harvard University over the issue of monopoly pricing.
In Time Magazine's January 20, 2014 issue, Rana Foroohar has an article on this. In it the co-authored paper is said to have been inspired from a scene in the movie Five Easy Pieces. The paper (see pdf link above) sheds "light on why companies try to bundle services instead of selling them separately, and the results helped shape the telecommunications industry."
Adams says "Janet has the temperament of a real scholar. She's not one of those economists for whom believing is seeing...She's open to argument. She collects information patiently and unbiasedly. So when she's ready to make a call, she doesn't have to rely on intellectual bombast or intimidation." -- (Now that's a real liberal. Not a Lawrence Summers.) -- She was a teaching assistant to legendary Keynesian James Tobin where her class notes became a template for a macroeconomics course. Yellen and this last fact are praised by conservative economist Ken Rogoff.
When the spin/debate/battle/drama over who would replace Bernanke at the Fed was itself over, when it looked like Obama would select Summers, Dallas Fed president Richard Fisher (not an philosophical/ideological soul mate of Yellen) said of Yellen "She was steady and evenhanded, and she didn't overreact. It's exactly what you want in a Fed leader."
Finally, somebody who doesn't believe in the voodoo economics model of invisible hands and unregulated markets at the expense of the societies and people markets are meant to serve.
Rational, sane people know markets aren't nearly as efficient as the free marketeers with their smoke, mirrors, and bombast would have us believe.
dD
Dante
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