The industrial world enjoys a rare combination of growth and low inflation; the 'Washington consensus,' a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries.

German predominance is not all-encompassing. In foreign affairs and military matters, for instance, France and Britain still play a much bigger role. But across a large swathe of European policy, Germany has become much more than a first among equals.

The problem with one single minimum wage is that you don't allow for younger people, who are less skilled and maybe more easily pushed out of the job market, or that the minimum wage should vary for different regions.

The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.

The power of incumbency and the power of money is just overwhelming.

People say that money is not the key to happiness, but I always figured if you have enough money, you can have a key made.

The President and the Democrats on Congress have exploited the financial crisis to advance their socialist big government tax, spend and borrow agenda.

Money, like vodka, turns a person into an eccentric.