Although low inflation is generally good, inflation that is too low can pose risks to the economy - especially when the economy is struggling.

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

Monetary policy is not a panacea.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

...the waiting was torture, the worst Ka had ever known. It was this pain, this deadly wait, he now remembered, that had made him afraid to fall in love.

I really hate those Internet freaks who take each thirty minute bundle of joy and turn it into a cult game of Where's Wally.

Human beings have a vested interest in being trustworthy.

I'm a big stupid history nerd.

When I try to understand somebody, create a character, I fall into them. When I think writers are telling me what to think, I get harrumphy.

Clowns don't build institutions, nor do boxers.

Fears and lies intensify consciousness.

We're all the same, we all think its better somewhere else; its better being older if you're younger - or its better being younger when we're older.

In a very ugly and sensible age, the arts borrow, not from life, but from each other.

Stop managing your time. Start managing your focus.