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

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

I think that having good data, good statistics-and the United States generally has better macroeconomic statistics than most countries-and having good economists to interpret those data and present the policy alternatives, has a substantially beneficial effect on policymaking in the United States.

Not all information is beneficial.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.