The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

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

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

I am confident that we will meet whatever challenges the future may bring.

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.