Franco Modigliani
Franco Modigliani

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.

Franco Modigliani
Franco Modigliani

I am a believer in cooperation.

Franco Modigliani
Franco Modigliani

People confuse economists and economic policy.

Franco Modigliani
Franco Modigliani

With the danger of war, there is a danger that the economy will go down.

Franco Modigliani
Franco Modigliani

The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.