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

I don't see much evidence of an equity bubble.

The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.

If your uniform isn't dirty, you haven't been in the game.

I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.

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

It takes about two and a half percent growth just to keep unemployment stable.