George Akerlof

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

I don't think fashion has to change every five minutes. I'd like these to be clothes you can wear for a long time - ten, 20 years; pass on to your daughter. Why buy vintage when you can open your own closet!

The entire island knows our father, Fred Hemmings, Jr. - kids, adults, surfers, the governor, grocery clerks, gang members who call our house at night and threaten to kill us as soon as they get out of jail. Fred was a world-champion surfer and is now a well-known, controversial politician.