A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.

Nobody really understands gold prices and I don't pretend to understand them either.

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

I don't fully understand movements in the gold price.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

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