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.

My mother - it's not one of those waxing-poetic kind of things - she literally worked two or three jobs most of her life. So I personally experienced that, even though I had these great friends and associations who had unlimited amounts of money. That juxtaposition was an interesting one.

When a man says money can do anything, that settles it: he hasn't got any.

My first car, I got it in an auction at my temple. It was an '86 Volvo that I got for 500 bucks, and then wound up throwing $10,000 into the stereo system and put TVs in the foot rests. It was the most ridiculous Volvo you'd ever seen, but I had never had money before and I was out of my mind.

The power of youth is the common wealth for the entire world. The faces of young people are the faces of our past, our present and our future. No segment in the society can match with the power, idealism, enthusiasm and courage of the young people.