The crisis in Europe has affected the U.S. economy by acting as a drag on our exports, weighing on business and consumer confidence, and pressuring U.S. financial markets and institutions.
From Ben Bernanke
Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.
There are limits to monetary policy.
If the fiscal cliff occurs, I don't think the Federal Reserve has the tools to offset that event.
If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.
Honest error in the face of complex and possibly intractable problems is a far more important source of bad results than are bad motives.
Remember that physical beauty is evolution's way of assuring us that the other person doesn't have too many intestinal parasites.
Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.
If you're in a car crash, you're mostly involved in trying to not go off the bridge, and later on you say, 'Oh my God!'
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
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