Evolving technologies that allow economists to gather new types of data and to manipulate millions of data points are just one factor among several that are likely to transform the field in coming years.

In a slow-growing world that is short on aggregate demand, Germany's trade surplus is a problem.

The Fed's independence is critical.

In the past, Federal Reserve chairmen have not generally gone directly to the public.

In the past, I never gave money to my children when they were young in return for nothing. When one of them approached me to give them cash, I asked them to do some work in exchange for it.

Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them.

If you can make finance more functional, make it a tiny percent better, you create a great deal of resources, which you can use for other things like education and healthcare.

Dealing with those personalities and the people who run this music thing has been most challenging. It's hard to really communicate things to people who run a business yet forget the nature of the business. They only look at the bottom line and the financial return, you know, they forget what it is they're packaging. It's art.