We pursued the wrong policies. George Bush is not on the ballot. Bill Clinton is not on the ballot. Mitt Romney is on the ballot, and Barack Obama is on the ballot. And Mitt Romney is proposing tax reform, regulatory reform, a wise budget strategy and trade. The president has proposed tax increases.

To me, entrepreneurship means something different. I think of it as identifying and valuing opportunity.

The real issue for the public is to figure out which narrative do we want. We can have a bigger government, if that's the public's choice. It'll just require higher taxes on every American. Do you want that, or do you want smaller government, smaller taxes?

Gradual fiscal consolidation may also be stimulative in the short run.

I had a big problem working with stars, because they are too expensive and have too many demands. Their names help you raise the money to make the movie, but then they demand close-ups. They change things. You end up doing things at their service instead of servicing the film.

Yes, films need to make their money back - it's an expensive business, and people need to be paid for what's involved - but just because you can, it doesn't mean you should.

The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern, the panic heightened interest in economic problems, and particularly those problems related to the causes and cures of depressed conditions.

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.