If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

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

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

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

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

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