Ethan Harris, an economist at Lehman Brothers, reckons that Mr Greenspan is already being too slow in cutting rates.

ECONOMIST: Alan Greenspan��s miracle cure

"The big issue is to stay the course on tax cuts and make them permanent, " said Lehman Brothers economist Ethan Harris.

FORBES

But, notes Lehman Brothers economist Ethan Harris, Friedman proved the theory untrue.

FORBES: Milton Friedman Dies

"The big issue is to stay the course on tax cuts and make them permanent, " said Lehman Brothers (nyse: LEH - news - people ) economist Ethan Harris.

FORBES: Mr. Paulson Comes To Washington

"People's confidence in their assets has been damaged" by the financial crisis and housing bust, and this is having a lingering effect on people's spending, said Ethan Harris, an economist at Bank of America Merrill Lynch.

WSJ: Signs Consumers Have Changed Spending Behavior

According to Ethan Harris, an economist at Lehman Brothers, the spread of profit-related pay and flexible working hours has enabled firms to adjust quickly to slowing demand with far fewer lay-offs than would have occurred in past downturns.

ECONOMIST: To cut or not to cut

Ethan Harris, co-head of Global Economics Research says the firm sees two distinct halves to the year: a weak start given lingering concerns about the shape and form of fiscal cliff outcomes is expected to give way to more clarity as the year progresses, spurring a pickup in capital spending.

FORBES: Why Merrill Lynch Strategist Sees S&P 500 Rising 18% in 2013

Denzel Washington is Alonzo Harris, a decorated Los Angeles narcotics cop who breaks in his new partner, Jake Hoyt (Ethan Hawke), a talented rookie from the Valley.

NEWYORKER: Training Day