“The signals from the monetary analysis confirm the picture of subdued underlying price pressures in the euro area over the medium term.”

— Mario Draghi

indiainfoline.com http://www.indiainfoline.com/article/research-leader-speak/mario-draghi-president-european-central-bank-50146096_1.html.

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Mario Draghi7

Italian banker and economist 1947

Christopher Tilley (1955) British postprocessual archaeologist.

[Buchli (Ed.), Victor, Christopher, Tilley, The Material Culture Reader, 2002, Berg, 1-85973-559-2, Oxford]

“Confirm [the age of Apple is over]. We know what a smartphone looks like and does. It's not the fault of Tim Cook, but it's not an area where there will be any more innovation.”

Peter Thiel (1967) American entrepreneur, venture capitalist, and hedge fund manager

Confirm or Deny: Peter Thiel http://nytimes.com/2017/01/11/fashion/peter-thiel-confirm-or-deny.html in The New York Times (January 11, 2017)

“I suppose the pursuit of fashion has always carried a price, monetary or otherwise.”

Robert Charles Wilson book Julian Comstock: A Story of 22nd-Century America

Source: Julian Comstock: A Story of 22nd-Century America (2009), p. 234

“One needs a complex package of policies and, as we always stress, structural reforms come first, because many of the problems of the euro area are structural. And I'm sure that's also the biggest fear for the Governing Council as a whole. We discussed the possibility of negative deposit rates, but our objective is maintaining price stability.”

Mario Draghi (1947) Italian banker and economist

indiainfoline.com http://www.indiainfoline.com/article/research-leader-speak/mario-draghi-president-european-central-bank-50146096_1.html.

“I can confirm that Poland will join the euro zone, and not just because all the treaties are signed, but because I consider it of strategic interest both for Poland and the European Union. But only a fool would believe that the euro could provide a guarantee that a financial crisis would never happen again.”

Donald Tusk (1957) Polish politician, current President of the European Council

Interview with Polish Prime Minister Donald Tusk http://www.spiegel.de/international/europe/interview-with-polish-prime-minister-donald-tusk-i-m-incapable-of-getting-angry-with-angela-merkel-a-755965.html spiegel.de (28th April 2011)

“The role of expectations is not limited to monetary policy but is crucial in many areas of economics, as Bob showed in his later research on investment, unemployment, taxation, public debt management, and asset pricing. In all of these situations, the appropriate evaluation of policy takes account of the way that expectations would be rationally formed.”

Robert Barro (1944) American classical macroeconomist

Source: Nothing Is Sacred (2002), p. 29

“The equilibrium price level is determined at the point where the money market is in equilibrium. The temporary suspension of Walras' Law, far from making economic nonsense, thus appears as the crucial "trick" by which the tatonnement process is decomposed in two parts.
This analysis confirms that for a neoclassical general equilibrium system with neutral money there is indeed a consistent decomposition procedure, based on appropriate compensation principles, permitting the determination of real variables in the real sector while the price level is determined in the monetary sector. However, the amount of intellectual effort which, in the wake of Lange and Patinkin, was devoted to this issue, is entirely out of proportion to its economic significance. The real economic question is not whether a system can be dichotomized, but whether money is neutral.”

Jürg Niehans (1919–2007) Swiss economist

Source: The theory of money, 1978, p. 12

“The current emphasis on price policy, as against price, as a proper object of study represents recent economic reflection on the significance of expectations, uncertainties, market control, and the position of price as one among many selling terms. Policy implies some degree of control over the course of events and, at the same time, the use of judgment as to the probable consequences of alternative lines of action. In perfect markets, whether monopolistic or competitive, price is hardly a matter of judgment and where there is no judgment there is no policy. The area of price policy, then, embraces the deliberative action of buyers and sellers able to influence price; that is to say, it covers practically the whole field of industrial prices.”

Edward S. Mason (1899–1992) American economist

Source: "Price and production policies of large-scale enterprise," 1939, p. 61