Worrying about inflation now is like worrying about the measles when you might get the plague.

Worrying about inflation now is like worrying about the measles when you might get the plague.

The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.

It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.

Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.

Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.