I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically.

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

The Federal Reserve will not monetize the debt.

I'd throw dollars out of helicopters if I had to, to stimulate the economy.

The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

It's the price of success: people start to think you're omnipotent.