American - Economist | March 6, 1926 -
The person I liked the best was Gerald R. Ford. He was the most decent man in politics I ever had any relationships with.
Alan Greenspan
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I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.
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Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence.
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The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit is extremely difficult.
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One of the major problems with China is that its innovation is largely borrowed technology.
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Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means.
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The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
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There is a limit to how much the United States Treasury can borrow.
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I'm a free-market economist from years and years back, and I've never veered from that.
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I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.
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Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.
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There is a huge number of people outside our borders who would love to come here. In fact, many of them come here, get well educated, and then are required to leave... This is a factor in income inequality.
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