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

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?

Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

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 says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.