Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

Our economy isn't going to recover until the housing market finds its footing.

Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall.

I'm a registered Democrat.

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.

Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.

Predicting recessions is indeed a dark art, but I think we are several years away from the next one.

The discussion in Washington has changed dramatically. I mean, it's no longer a question of should we address entitlements - it's no longer a question of do we need to reduce spending in the future.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

I only have two things in my life, my family and work. If there's any time left over, then I play sports.

The upshot of Mr. Trump's economic policy positions under almost any scenario is that the U.S. economy will be more isolated and diminished.

A woman who gives any advantage to a man may expect a lover -- but will sooner or later find a tyrant.

I like getting married, but I don't like being married.

We need a malaria epidemic in the blogging community! Either that or we need people who have seen the malaria epidemic to start blogging.

Perhaps the greatest display of self-discipline is persisting when the going gets tough. Persistence is self-discipline in action.

I was a slightly melancholy child and I think films were a way of escaping for me.

I think every family should have a dog; it is like having a perpetual baby; it is the plaything and crony of the whole house. It keeps them all young.

As for sticking strictly to presently known science, I will simply point out that we have already experienced at least two major revolutions in science in this century alone.

Principle is a passion for truth.