Great research universities must insist on independence from government and on the exercise of academic freedom.
“I was brought up in black neighborhoods in South Baltimore. And we really felt like we were very black. We acted black and we spoke black. When I was a kid growing up, where I came from, it was hip to be black. To be white was kind of square.”
“The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.”