The Fed operates with considerable discretion, and that disc... - James Tobin

"The Fed operates with considerable discretion, and that discretion must be exercised wisely."

James Tobin Strength

Economist Theorist American 1918–2002

More from James Tobin

"Money is a veil: behind the money veil there are only goods, and people must not be confused about this."

"The economy is not something that exists for its own sake."

"We are not obliged to believe that only one culture will survive."

"Inflation is always and everywhere a monetary phenomenon."

"Strength comes from within."

"A woman should be proud of who she is."

"A strong woman can overcome anything."

"The only thing I'm good at is killing."