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.

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

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

Now, my novel begins. No, now I begin my novel—and yet I cannot decide whether to call myself I or she.

Democracy is a small hard core of common agreement surrounded by a rich variety of individual differences.

The food here is terrible, and the portions are too small.

I could definitely see myself making a serious movie or a drama in the future.

There's been a lot of times that I thought I'd never work again; I was really bummed out.

I distrust Great Men. They produce a desert of uniformity around them and often a pool of blood too, and I always feel a little man's pleasure when they come a cropper.

Once upon a time, an angel and a devil held a wishbone between them. And its snap split the world in two.

They continue to criticize me for my outside shooting, but I continue to make outside shots.

Australia is so entrenched in rock'n'roll and bands, and that's just the way Australia is.

Though I be but prince of Wales, yet I am the king of courtesy.