It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

I don't see much evidence of an equity bubble.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

I come from Main Street, from a small town that's really depressed.

I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.

The Federal Reserve will not monetize the debt.