The whole intention of empirical economics is to force theory down to Earth.

Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.

I would never have been a good reporter because I am not accurate regarding facts.

I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics.

I think when you come to Australia you immediately get the sense of fitness and taking care of yourself and being healthy, and it really shows.

I remember my jaw would hurt because I wasn't used to speaking English all the time. Like how, even if you exercise, you'll play kickball one day, and then you're like, 'Wait, I run, but new places are hurting because I don't use my muscles this way.' My mouth was not used to making these sounds.

I think we have to be very careful when we toss around terms like 'cut health care costs.' We would do very well to expect a cut in the rate of increase.

The American Health Care Act is not perfect, but it is an important step in reforming our broken healthcare system to help families in our district.