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Greenspan, who knew so much more than most, knew far less than most supposed.
If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
Put simply, the church finds itself in a post-Christendom era, and it had better do some serious reflection or face increasing decline and eventual irrelevance.
Most churches don't have the resources for these tricks and inducements but are still bound to the imagination that church happens on a Sunday in a building.
Interestingly, it's as though the gospel story of Jesus is the archetypal heroic journey, the embodiment of the very adventure that all people in every epoch have desired.
The appetite for adventure and risk is not exclusive to young Christians. In face, it seems to be a fundamental yearning, knitted into the fabric of the human soul.