Economic growth creates jobs, and countries grow when they educate their people and pursue policies that encourage households to save, existing businesses to invest, and entrepreneurs to innovate and create new markets.
I think that whether you're on the right or on the left as an economist or as a policy maker, every serious analyst I know agrees that at some point you have to deal with entitlements.
It's probably indicative that I was destined for an academic career that I'm 6-5 and I lost the slam-dunk championship to somebody 5-8. I was a lot better at math.
There were a couple Aborigines in my primary school, but we never spoke to them. They kept to themselves, and we never really even locked eyes. They weren't acknowledged officially either.
To most, being locked away in solitary with nothing but pen and paper would prove a hard punishment. What a strange creature who views this as heaven.
Many anti-energy groups display little appreciation of the extent to which modern economies depend pervasively on the use of fossil fuels and petrochemical products.
As many will remember, a respected Army Corps economist filed a whistleblower complaint about the Corps' use of faulty data to justify lock and dam expansion.
While I remain troubled by the Corps' inability to fully justify the Model they used for their commercial traffic predictions, America clearly has an aging lock and dam infrastructure on the Mississippi.
Do not be misled by the fact that you are at liberty and relatively free; that for the moment you are not under lock and key: you have simply been granted a reprieve.
It's hard to say this about a guy like Eddie Van Halen, one of the greatest guitar players who ever lived, but he's really limited to a style and they're locked into it.
Data, I think, is one of the most powerful mechanisms for telling stories. I take a huge pile of data and I try to get it to tell stories.
If you really accept that global warming puts the world at risk, then you think you would be open to any solution that could undo it.
Organizations talk about spending their lives firefighting - dealing with the next problem without having the bandwidth to deal with what is down the pipeline. I think most of the poor have that problem.
And learn that when you do make a mistake, you'll surface that mistake so you can get it corrected, rather than trying to hide it and bury it, and it becomes a much bigger mistake, and maybe a fatal mistake.
Our company is working with Disney to create a game for children between the ages of maybe four and 12, so we can teach them what the capitalist system is all about.
Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path.
In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.
Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
I am afraid that if you don't find peaceful domestic solutions to our inequality and social problems, then it's always tempting to find other people responsible for our problems.
One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels.
