Word: academicization
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The notion that a massive, unprecedented intervention in the financial markets should be the final economic act of a Republican President was made all the more stunning by the sight of no less a free-marketeer than Vice President Dick Cheney being dispatched to the Hill to sell it to...
“Freedom is not merely the opportunity to do as one pleases; neither is it merely the opportunity to choose between set alternatives. Freedom is, first of all, the chance to formulate the available choices, to argue over them—and then, the opportunity to choose.?...
While academic forums are common at Harvard, the pressing nature of this one’s subject matter and the fact that Faust promoted it drew a crowd which filled Sanders Theatre well before the presentation started. Others watched on a live Webcast.
He discussed academic critiques of the Treasury’s bailout proposal and alternatives through which the government might help banks recapitalize, but did not indicate which approach he favored.
No, no, he was just at the New York Fed. He was president of the New York Fed for at least a year, maybe two years, when I was at Goldman Sachs. And he's a very, very, unusually talented young man. And so he understands government and understands markets...