Excessive Optimism Sows The Seeds

The Process Of Innovation Is, Of Course, Never Ending.

Look, I'm Very Much In Favor Of Tax Cuts, But Not With Borrowed Money. And The Problem That We've Gotten Into In Recent Years Is Spending Programs With Borrowed Money, Tax Cuts With Borrowed Money, And At The End Of The Day That Proves Disastrous. And My View Is I Don't Think We Can Play Subtle Policy Here.

We Cannot Rule Out A Situation In Which A Preemptive Policy Tightening Becomes Necessary, ... Such Caution Seems Especially Warranted With Regard To The Sharp Rise In Equity Prices During The Past Two Years. These Gains Have Obviously Raised Questions Of Sustainability.

If You Get Beyond The Political Rhetoric [and Assembled A Group To Solve Social Security] It Would Take Them 15 Minutes. It Would Take Them 15 Minutes Only Because 10 Minutes Was Used For Pleasantries.

All Taxes Are A Drag On Economic Growth. It's Only A Question Of Degree.