“The problem is a lot of what is called economics is not economics. It is more ideology or religion.”

It’s easy to get rich by getting a state asset at a deep discount.

I grew up in a family in which political issues were often discussed, and debated intensely.

Inequality is a choice. It is not inevitable.

Letting bygones be bygones is a basic principle in economics.

Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.

If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.

Ask not what your country can do for you, ask what you can do for your country.

The U.S. basically wrote the rules and created the institutions of globalisation.

Development is about transforming the lives of people, not just transforming economies.

The reason that the invisible hand often seems invisible is that it is often not there.

Bitcoin is successful only because of its potential for circumvention, lack of oversight.

But while I loved all of these courses, there was an irresistible attraction of economics.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.

Multinational corporations must pay their fair share of taxes.

The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.

I have long argued that paying down the national debt is beneficial for the economy.

The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.

I don’t believe that economic equality is possible; indeed some measure of inequality is essential for the spirit of envy and keeping up with the Joneses that is, like greed, a valuable spur to economic activity.