[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$foRbVXkDu_dxdytmeA-WMvbTKNlu5g_6vxupJyuKeS_Q":3,"$fRGZ72MP3LkfjuHP8oEOB_D4z08W35U8R6beUMgS9Qzs":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},156926,"Edward Lazear","E",17,null,"edward-lazear",[],{"quotes":13,"pagination":125},[14,27,38,49,60,71,82,91,102,113],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},1897002,"If you look at the housing market and say, are housing prices going up where job growth is high, where wage growth is high, where demographic movement brings people into the housing market? All of those things seem to be true.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},4886175,{"id":25,"tag_name":26},4419,"brings",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},1896999,"That probably is one of the policies we would like to avoid.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},4886172,{"id":36,"tag_name":37},23430,"policies",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},1896996,"Are people behaving as if they believe this is a weak economy? I see no indication of that. In fact, I see the contrary.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},4886167,{"id":47,"tag_name":48},74032,"behaving",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},1896992,"It would be a significant problem and it would move in exactly the wrong direction.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},4886165,{"id":58,"tag_name":59},3305,"direction",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":9},1896986,"There's not much we can do about it in the short run, and that's the reality.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[66],{"id":67,"tag":68},4886158,{"id":69,"tag_name":70},53,"reality",{"id":72,"quote_text":73,"author_id":5,"source_id":17,"has_image":18,"author":74,"source":75,"quote_tag":76,"commentary":9},1896980,"We are moving into that phase where we expect that wage growth will catch up and take productivity over.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[77],{"id":78,"tag":79},4886154,{"id":80,"tag_name":81},11208,"catch",{"id":83,"quote_text":84,"author_id":5,"source_id":17,"has_image":18,"author":85,"source":86,"quote_tag":87,"commentary":9},1896975,"Over the longer period of time it would move in exactly the wrong direction because it would encourage us to use more oil, not less.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[88],{"id":89,"tag":90},4886148,{"id":58,"tag_name":59},{"id":92,"quote_text":93,"author_id":5,"source_id":17,"has_image":18,"author":94,"source":95,"quote_tag":96,"commentary":9},1896971,"Over a longer period of time, it would be a significant problem.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[97],{"id":98,"tag":99},4886143,{"id":100,"tag_name":101},11887,"longer",{"id":103,"quote_text":104,"author_id":5,"source_id":17,"has_image":18,"author":105,"source":106,"quote_tag":107,"commentary":9},1896969,"If we were to see an abrupt change in exchange rates, we might expect there might be some change in that. But again, I don't think anybody's predicting any kind of abrupt change.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[108],{"id":109,"tag":110},4886141,{"id":111,"tag_name":112},12,"change",{"id":114,"quote_text":115,"author_id":5,"source_id":17,"has_image":18,"author":116,"source":117,"quote_tag":118,"commentary":124},1896963,"But there are other issues that we have to think about is that the best way to be using our tax revenues? Is it the most efficient way to allocate our resources? And so there are a number of issues that are under study on that.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[119],{"id":120,"tag":121},4886136,{"id":122,"tag_name":123},2294,"best","**The Backstory**\nEdward Lazear, an American economist and former Chairman of the Council of Economic Advisers, uttered these words during a discussion on the efficiency of tax revenue allocation. This conversation likely took place in the early 2000s, when Lazear was a prominent figure in shaping economic policy in the United States. At that time, the country was grappling with issues of budget deficits, tax reform, and the effectiveness of government spending.\n\n**The Hidden Insight**\nLazear's statement reveals a paradoxical truth: the pursuit of efficiency often requires questioning the status quo and challenging deeply ingrained assumptions about how resources should be allocated. By acknowledging that the current system may not be the most efficient, Lazear is encouraging a mindset that is willing to challenge conventional wisdom and explore alternative approaches.\n\n**How to Use This**\nIn today's fast-paced professional landscape, embracing this mindset can be a powerful strategy for innovation and growth. By regularly questioning the efficiency of your own processes and systems, you can identify areas for improvement and develop more effective solutions, ultimately leading to greater success in your field.",{"currentPage":126,"totalPages":127,"totalItems":8,"itemsPerPage":128},1,2,10]