If two people always agree, one of them is redundant.
The best solution to income inequality is providing a high-quality education for everybody. In our highly technological, globalized economy, people without education will not be able to improve their economic situation.
Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
Banks will have to win the confidence of their customers through fair dealing, making good loans, and remaining financially healthy.
If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.
My proposal that Fed governors should signal their commitment to public service by wearing Hawaiian shirts and Bermuda shorts has so far gone unheeded.
History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
Textbooks describe economics as the study of the allocation of scarce resources. That definition may be the 'what,' but it certainly is not the 'why.'
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
Uncertainty is seen to retard investment independently of considerations of risk or expected return.
In the typical economic recovery, a resurgent housing sector helps fuel reemployment and rising incomes.
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.
Identity theft is a serious crime that affects millions of Americans each year.
