I am an Associate Professor of Economics at the University of Washington, Seattle Campus. I earned my Ph.D. in economics from the University of Chicago in 1975. Lester Telser and Milton Friedman were my advisors. I have taught at the University of Washington since 1973. I have also worked for the Federal Reserve Bank of New York, the Federal Reserve Bank of St. Louis, the Bank of Israel, and the Hoover Institution of Stanford University.