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.

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.

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.

The more competitive value of the dollar turned around the trade deficit.

I didn't want this dance to end, or Kiggs to let go of my hand. I didn't want him to turn his eyes away, or live any other moment than this one.

The hardest thing to do is to trust people.

Sometimes the soul takes pictures of things it has wished for, but never seen.

The Bible says, "For the kingdom of God is not meat and drink; but righteousness, and peace, and joy in the Holy Ghost"

I am extremely disappointed by the actions of the 9/11 commission.

You need energy and life force to see and feel what you need to do. Otherwise you are in a dark room and you can't tell what's going on. You need to practice meditation.

When a culture simply shrugs about what happens to people in war, it breaks the fragile sequence, the bond between all people.

I prefer listening to talking, reading to socializing... I like to think before I speak (softly).

A profile, a look, a voice, can capture a heart in no time at all.

You make movies for the people. If critics happen to like them too, well, that's a home run.