There is a growing consensus that the European systems have worked better than the American: They have been able to deliver better health care to more people at lower cost.

Any society has to delegate the responsibility to maintain a certain kind of order. Enforcing regulations, making sure people stop at stoplights. We can’t function as a society without rules and regulations, and the enforcement mechanism of those rules and regulations.

Active learning is always involved with interaction between teachers and students and Socratic methods and that's gonna continue.

The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries.

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro or the macro level. Micro, you would ask: "What kind of financial or banking system do we want?" Macro, you would say: "What are the underlying problems in the structure of our economy?"

The important lesson of the deficit is - and the national debt - is we have to be careful about how we're spending money.