We could, of course, always make the payments, simply by printing more money - we simply promise to pay people by giving them dollar bills - but that could set off inflation.

International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

It is trust, more than money, that makes the world go round.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.

American inequality didn't just happen. It was created.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.

Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.

The striking thing about America is - it's historically, extraordinary unusual, I don't of any other instance - is that productivity of workers and wages have not moved in tandem.

In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

When you love you should not think you can direct the course of love, for love, if it finds you worthy, directs your course.

Punish France, ignore Germany, and forgive Russia.

When you raise kids, you want them to grow up and be successful. If they can grow up and be like you, it's quite flattering.

There are voices and they must be heard.

Money is a needful and precious thing

Just think of any negativity that comes to you as a raindrop falling into the ocean of your bliss.

Now that I'm 60, every morning I look in the mirror and say, "I don't know who you are, stranger, but I'm gonna shave you anyway".

Greatness is what we on the brink of.

The only thing I know is this: I am full of wounds and still standing on my feet.

I grew up in North Devon, by the sea, and feel a special affinity for the landscape there, despite a lack of actual ancestry.