A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

Tax increases appear to have a very large sustained and highly significant negative impact on output.

Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.

Climate change and dependence on foreign oil are problems that won't go away on their own. Tabling plans to deal with them doesn't make it easier for companies to plan and invest; it makes it harder.

What I desire to point out is that I wish the law was not so, but that being the law, I must follow it.

Making labor less expensive helps firms hire people.

Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.

Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.

Fewer people working means permanently lower tax revenues.

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

And you should not let yourself be confused in your solitude by the fact that there is something in you that wants to move out of it.

Good governance, safety, a chance to grow economically and professionally - those are important things.

When one speaks of awakening, it means de-hypnotizatio n; coming to your senses. But of course to do that, you have to go out of your mind.

If you value your safety, avoid holy places founded in the name of peace and brotherhood.

The way of Heaven and Earth may be completely declared in one sentence: They are without any doubleness, and so they produce things in a manner that is unfathomable.

Words are humanity's greatest natural resource, but most of us have trouble figuring out how to put them together. Words aren't cheap. They are very precious.

Stuyvesant chats with Kelly and Katz, The professor warms to the broker, And life is good in the brotherhood Of an air-conditioned smoker.

People have a responsibility, especially with today's media, to read between the lines.

E-books are impervious to analogy.

[E]ven if the whole world should rise up to destroy us, nothing will happen except that God, in whom we have put our hope, will allow.