A second reason why science cannot replace judgement is the behavior of financial markets.

Domestic inflation reflects domestic monetary policy.

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

The more competitive value of the dollar turned around the trade deficit.

Plans can break down. You cannot plan the future. Only presumptuous fools plan. The wise man steers.

You leaders, where do you lead your people to? Do you sow in them the seed of possession?

A metaphor for good information design is a map. Hold any diagram against a map and see how it compares.

The often heard lament, 'I have so little time,' gives the lie to the delusion that the daily is of little significance.

Reading begets reading.

Just let it happen and, I promise you, all that is magic will appear.

Family's always first. God and family, and I go from there.

I am death, not taxes. I turn up only once.

This is going to sound really funny. I have a poster of Zac Efron on my wall! I think every girl has a poster of him in their room so, why not join the club!