The markets are much more interested in America's long-term trajectory than they are in feeling that there is an acute short-term crisis.

If envy were the cause of terrorism, Beverly Hills [and] Fifth Avenue ... would have become targets long ago.

There is a huge crisis of employment in America, in the Western world in general.

Iran is a country of 80 million people, educated and dynamic. It sits astride a crucial part of the world. It cannot be sanctioned and pressed down forever. It is the last great civilization to sit outside the global order.

There is no way to turn off this global economy, nor should one try. Every previous expansion of global capitalism has led to greater prosperity across the world.

You know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks.

In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.