The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.
From Ben Bernanke
The amount of currency in circulation is not changing. The money supply is not changing in any significant way.
It takes about two and a half percent growth just to keep unemployment stable.
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
The central bank needs to be able to make policy without short term political concerns.
It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.
The Federal Reserve's job is to do the right thing, to take the long-run interest of the economy to heart, and that sometimes means being unpopular. But we have to do the right thing.
I think most of us would agree that people who have, say, little formal schooling but labor honestly and diligently to help feed, clothe, and educate their families are deserving of greater respect - and help, if necessary - than many people who are superficially more successful.
You want to put the fire out first and then worry about the fire code.
The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.
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