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We journalists are a bit like vultures, feasting on war, scandal and disaster. Turn on the news, and you see Syrian refugees, Volkswagen corruption, dysfunctional government. Yet that reflects a selection bias in how we report the news: We cover planes that crash, not planes that take off.

As journalists, we keep pushing and pushing.

I think as journalists, we have to keep our distance from power.

You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.

Actually, I have been very supportive of a very robust stimulus package from day one. I think this economy has to have a major stimulus initiative because the only group with liquidity is the federal government.

There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.

Where we're coming down is we currently have $787 billion of stimulus that's been passed. We're certainly focusing on spending that money as quickly and as efficiently and as transparently as we can. We think that's absolutely the right strategy.

It's one of the biggest fibs going that American newspapers are now being forced to give up their commitment to investigative reporting. Most of them gave up long ago as their greedy managements squeezed every cent out of the bottom line and turned their newsrooms into eunuchs.

The better-informed we are, the more we can do to make sure what's happening is in our interests and is accountable to us.