We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

You can't have the capitalist system if an increasing number of people think it is unjust.

History cannot be reduced to a set of statistics and probabilities.

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?

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

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