The Federal Reserve is not currently forecasting a recession.

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

I don't see much evidence of an equity bubble.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

The GSEs are adequately capitalized. They are in no danger of failing.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.