We need to increase the transparency of shadow banking markets so that authorities can monitor for signs of excessive leverage and unstable maturity transformation outside regulated banks.

Listening to others, especially those with whom we disagree, tests our own ideas and beliefs. It forces us to recognize, with humility, that we don't have a monopoly on the truth.

I think it is appropriate to ask whether this trend is compatible with values rooted in our nation's history, among them the high value Americans have traditionally placed on equality of opportunity.

In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing.

If it were possible to take interest rates into negative territory I would be voting for that.

To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.

It slightly worries me that when people find a problem, they rush to judgment of what to do.

The past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not.

Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

Each of us has more intelligence than we are trained to use and the part that we get graded on in school doesn’t amount to much.

Apparently even the most awful tragedies, and the people they'd ruined, got a little stale after a while.

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.

Photographs aren't accounts of scrutiny. The shutter is open for a fraction of a second.

I'm always fascinated by the way memory diffuses fact.

He actually caught himself saying things like "Yippee," as he pranced ridiculously round the house.

The '80s was wild compared to my real small childhood, which was late '70s.

If it's bad art, it's bad religion, no matter how pious the subject.

Giving someone a one-time stimulus check, or a one-time tax cut that expires doesn't allow the predictability that business needs.

Art is an artifice that you try to make seem natural.