The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.

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.

Slowly and painfully man is learning that he must do unto others what he would have them do to him.

For the longest time, I never thought I was intimidating to guys, but I'm kind of finding out that maybe there is some tiny thread of intimidation.

In the end--when all else is dust--loyalty to those we love is all we can carry with us to the grave. Faith--true faith--was trusting in that love.

On the field, blacks have been able to be super giants. But, once our playing days are over, this is the end of it and we go back to the back of the bus again.

In an era of magic conveniently available at the touch of a button, new music should on principle represent something akin to 'danger'.

All UK nuclear power stations should be shut down without delay.

It's not that weird, but when I was in Peru, I ate a guinea pig. If you're going to eat guinea pig, you call it cuy. Cute word for such a cute little animal that I ate a few times.

Piano is like drudgery.

Women of quality are so civil, you can hardly distinguish love from good breeding.

You always learn something from mistakes.