Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

I think that over the last few decades, we have seen better economic outcomes than in the past.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.

To Tennessee Williams we owe a special debt. In a tragic age, he has transformed loneliness by naming it for us, suffered sordidness with beauty, graced poor hurt lives with love and pity.

Money doesn't talk, it swears.

There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.

It takes a long time to write a novel when you have to keep interrupting your work to earn money.