Christina Romer

A successful argument for a government manufacturing policy has to go beyond the feeling that it's better to produce 'real things' than services. American consumers value health care and haircuts as much as washing machines and hair dryers.

There's a joke in economics about the drunk who loses his keys in the street but only looks for them under the lightposts. When asked why, he says, 'because that's where the light is.' That's the problem with the deficit.

I can well imagine that certain writers, even writers that we'd consider today very great writers, may not necessarily have tested highly on IQ just because of their numerical skills, or maybe they may not be very good at memory, and are not particularly good at these kinds of tests.