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Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.
Bob Frank
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Bob Frank
Age: 75 †
Born: 1944
Born: February 26
Died: 2019
Died: July 19
Singer
Singer-Songwriter
Memphis
Tennessee
Robert Landis Bob Frank
Robert Landis Frank
Known
Wake
Shortages
Ever
Tend
Crises
Great
Financial
Economists
Like
Crisis
Shortage
Demand
Economist
Ones
Persist
Since
Severe
Happened
Depression
More quotes by Bob Frank
Virtually all families in the middle of the earnings distribution aspire to send their children to a school of at least average quality. (We'd think ill of any parent whose aspirations were lower.) The rub is that the best schools tend to be located in more expensive neighborhoods.
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Every group spends more when its income grows.
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In almost every instance, air and water quality goals were met more cheaply and quickly when we taxed pollution than when we tried to regulate it directly.
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There's no indication that middle-income families feel resentful about the bigger mansions and yachts. But the near-rich, whose social circles intersect those of the rich, are subtly influenced by them.
Bob Frank
A flat tax is roughly the same as a sales tax.
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