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Back then, a half-a-century ago, the situation was totally different. Economically, we were practically on our knees, and politically, we were still excluded from the community of nations. Today, in this respect, we have a totally different and much more stable basis.

If we all looked out for each other a little bit more, I think we wouldn't have a lot of the crisis that we have in today's society.

After the First World War the economic problem was no longer one of production. It was the problem of finding markets to get the output of industry and agriculture dispersed and consumed.

In every European nation, there have been problems in history when the society was too divided.

We have a lot of societal problems that we have to fix in the 1990s.

Then the war became a real problem and along with other shortages, they started to have paper problems.

The constant influx of new cultures, new ideas and new ways of looking at old problems is a big part of the reason why America has been the most dynamic economy in the world for well over a century.

Economic progress, in capitalist society, means turmoil.

The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.