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

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

If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.

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.

The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.

The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.

The Federal Reserve is not currently forecasting a recession.