Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases.

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.

In the future, my communications with the public and with the markets will be entirely through regular and formal channels.

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.

In fact, the world needs more nerds.