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It is in revolutionary periods that the culmination of previous trends and the beginning of new ones appear.

Prosperity comes from the private sector.

If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

Growth theory did not begin with my articles of 1956 and 1957, and it certainly did not end there. Maybe it began with 'The Wealth of Nations'; and probably even Adam Smith had predecessors.

Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle.

Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.

There's money in the old stuff, but there's more wealth created in the new growth areas.

From another point of view, a new situation now seems to be arising in which Japan's prosperity is going to be incorporated into the expanding potential power of both production and consumption in Asia at large.

Much of what we consider the American way of life is rooted in the period of remarkably broad, shared economic growth, from around 1900 to about 1978.