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

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

The Federal Reserve is not currently forecasting a recession.

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.

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.

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.