The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

How much would you pay to avoid a second Depression?

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.