Kids, Madison Avenue is lying to you. Your parents are lying to you. The president is lying to you.

Domestic inflation reflects domestic monetary policy.

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.

A second reason why science cannot replace judgement is the behavior of financial markets.

Without challenge we fail to develop the higher self.

How much of what is there do you allow yourself to see?

If you ever want to see how small you are in the plan of God, just stand at the edge of an ocean.

Performances are so defined by their venues - it'd be nice for the music to dictate more of the reaction.

Lots of times I was out through forcing the game.

Could have recovered greenness?

Astronauts: rotarians in outer space.

If you want to learn about a culture, you look at what buildings the people lived in but you also want to know about their cosmos.

If you don't know where you are currently standing, you're dead.

And you very soon find out, if you have not found it out before, that patience and tenacity of purpose are worth more than twice their weight of cleverness.