When I look out the window at my backyard, I can't think of anything interesting to ask. I mean, it's green, it's growing-but nothing occurs to me that any concentrated effort of thought could possibly enlighten. Whereas in economic, statistical, or mathematical kinds of things, I can think lots of questions.

It's important to remember how fortunate we are as a country to have a currency and a bond market that is seen in every way as a source of strength and it's a huge responsibility for us to keep it that way.

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

The availability of private insurance provides tremendous insulation for millions of individuals

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.

Contagion has become very much a phenomenon, and it's a phenomenon of globalization.