The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

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

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

The guiding purpose of the government regulator is to prevent rather than to create something.