Nobody really understands gold prices and I don't pretend to understand them either.

Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.

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

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

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.

The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

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