Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

The number one problem in today's generation and economy is the lack of financial literacy.

Greenspan, who knew so much more than most, knew far less than most supposed.

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.