When I was operating as one of President Reagan's economic advisers, an early assignment was to analyze the federal government's landholdings and make recommendations about what to do with them. This was a big job. These lands are vast, covering an area six times that of France.

Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?

In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100.

During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price of wheat, you get a rising living standard. This is good.

I didn't think any amount of money was worth something that would take away what you believed in or what you stood for. I didn't want to do something my parents and daughter couldn't be proud of.

Los Angeles is a rich city; California is a rich state; the United States is a rich country. The money is out there, and Los Angeles teachers are demanding that it be spent where it belongs, on our kids.

Most financial questions don't have one right answer - just an answer that's right for you.

I think greed is a critical problem - the gap between the poor and the rich. The gap between the top 10 percent and the bottom 10 percent.