The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
Putin probably, almost certainly, thinks that one of the great disasters of the 20th century was the demise of the Soviet Union. It's very obvious that he's trying to work its way back and maintain something similar to that sort of institution.
We're a democratic society. Shutting down the government should not be on the agenda.
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
Diplomacy is really far less important than the stock movements within Russia.
Fear invariably and universally induces disengagement, and disengagement is negative division of labor.
I'm a free-market economist from years and years back, and I've never veered from that.
Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer.
I was sort of shocked when it all of a sudden turned out that I got all A's through college, with the exception of two B's in the first term. I never envisaged myself as summa cum laude.
Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower.
We really can't forecast all that well, and yet we pretend that we can, but we really can't.
People don't realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that's as far as we go. And I've had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.
Forecasting our futures is built into our psyches because we will soon have to manage that future. We have no choice. No matter how often we fail, we can never stop trying.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last night, by 11 A.M. this morning, that won't tell you very much about what they're doing.
The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit is extremely difficult.
There is a huge number of people outside our borders who would love to come here. In fact, many of them come here, get well educated, and then are required to leave... This is a factor in income inequality.
The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax returns in the band, was the decision I made to leave the music business on economic grounds.