“Unfortunately, Senator, nobody knows where the next innovative idea is coming from.”

Then fear hits, and it comes down very sharply. When I started to look at that.

If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

I’m a better economist than I was a sax player.

I’m a plain soap kind of guy.

It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.

Amateurs want to be right. Professionals want to make money.

Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.

Political decisions are never random and will always lose out to innovative alternatives.

Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.

There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

Whatever you tax you get less of.

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

These days, even out of office, I still read economic reports.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.

How did the atheist get his idea of that God whom he denies?

Fame means millions of people have the wrong idea of who you are.

I wanted to go to drama school, but when I got the part in ‘Falling,’ I got an agent, so it seemed a good idea to work.

I would like to say, ladies and gentlemen, that you shouldn’t be afraid of who you are. That’s the first key idea. You shouldn’t be afraid of who you are. You should NOT be afraid of who you are. It’s very important for you to realize that.

Because in some men it is in them to give up everything personal at some time, before it ferments and poisons–throw it to some human being or some human idea. They have to.

Everything’s a film idea if this is what you do.I’ve always been secretly confident that I’d never run out of ideas,because I’ve never had any.

There is a method in his madness, and the rudimentary idea in my mind is growing. It will be a whole idea soon, and then, oh, unconscious cerebration.

A personal experience has intensified rather than diminished that idea.