The economy is like a machine.

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

Pull in your belt, spend less, and reduce debt.

I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments.

I think the media argues all the time with itself.

School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.