My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.

The basic thing that made Trump popular is that he blamed others for the problems that we have in the United States. We have a problem. Let's face it. The typical income, median income, of a full-time male worker - and the workers who have a full-time job are the lucky ones - is at the same level it was 42 years ago. At the bottom, real wages in the United States are at the same level they were 60 years ago.

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

The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery.

The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems. What is scary though is how much worse things have gotten in the last eight years, and the Iraq war is one of the main factors.

What Trump has announced - that he is going to not obey rules by which we govern our relations with other countries. He's going to reject the treaties that we have had in the past. He is going to go from what is called a multilateral system, where we all work together, to trying to deal country by country and basically throw out what has been achieved over a 60-year period.

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.