The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

If Wall Street crashes, does Main Street follow? Not necessarily.

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

Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

Speaking as somebody who has been happily married for 35 years, I can't imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

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