• Even if our basic theory is that economy is elastic in response to nominal stress and plastic in response to real stress, a sudden change in rigidity combined with a large nominal shock could cause a very large plastic deformation in the economy.

    FORBES: NGDP in the Long Run and Economic Plasticity

  • At no point did Maddow shake her head vigorously back and forth, making a WUBBA WUBBA WUBBA sound, or cause steam to issue from her ears, or make her eyeballs shoot straight out of their sockets and hang suspended in space for a moment before retracting as if on elastic bands, any of which would have been a reasonable response.

    FORBES: Rand Paul on The Rachel Maddow Show: A minute-by-minute analysis

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