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

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

Climate change is a reality.

We won’t have an economic recovery until Covid-19 is under control.

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.

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