And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.
Why did human development proceed at such different rates on different continents for the last 13,000 years?
The government must do all it can to help reduce interest rates for business.
When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren't going to keep on giving us cheap rates.
Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers.
I did not come to Washington to raise the electricity rates by as much as $40 per month as this plan would do.
Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
Hoover had prevented 'an immediate attack upon wages as a basis of maintaining profits,' but the result of wiping out profits and maintaining artificial wage rates was chronic, unprecedented depression.
A while ago I did a story comparing the change in employment rates in recessions in the U.S. and in Europe, and what I found was that America fired a lot of people and rehired a lot of people faster than Europe. That difference is disappearing, and that is a problem.
Education is the key to the future: You've heard it a million times, and it's not wrong. Educated people have higher wages and lower unemployment rates, and better-educated countries grow faster and innovate more than other countries. But going to college is not enough. You also have to study the right subjects.
Now, I do think when we move into 2012 and '13 when, presumably, the economy is on firmer ground, I would allow the tax rates for upper-income individuals to revert back to where they were before the cuts in the 1990s. I think at that point it makes perfect sense.
Indeed, when all parties campaign effectively the overall effect is to push up voting rates, as you see in tight marginal seats or close general elections. That must be good for democracy.
When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.
There is clear empirical evidence that the response of EME financial markets to different shocks, including changes in U.S. interest rates, depends importantly on the state of economic fundamentals in the EMEs themselves.
Many health care providers, particularly physicians in rural and urban areas, are leaving the Government programs because of inadequate reimbursement rates.
We will cut programs, we will try to rein in the size of the bureaucracy. We will bring federal pay scales that have become so exaggerated into line with market rates.
My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.
Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
North Carolina needs to revamp the tax code completely. We have some of the highest tax rates, like the corporate tax rate, in the country.
Moms that get evicted are depressed and have higher rates of depressive symptoms two years later. That has to affect their interactions with their kids and their sense of happiness. You add all that together, and it's just really obvious to me that eviction is a cause, not just a condition, of poverty.
It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.
Our rate moves will have an impact on the economy in 2013. Whether we raise or lower rates depends on how the economic situation develops.
And so the danger for the housing industry is if we see interest rates rise.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
I could have easily been a statistic. Growing up in Brooklyn, N.Y., it was easy - a little too easy - to get into trouble. Surrounded by poor schools, lack of resources, high unemployment rates, poverty, gangs and more, I watched as many of my peers fell victim to a vicious cycle of diminished opportunities and imprisonment.
We made a demand for the the same wage rates to be paid in the Canadian plants as in the U.S. plants.
I am particularly surprised that certain outlets look at pass rates irrespective of student population. As if inner city high school kids are to fare as well as college students.
I think we need to have competitive tax rates in order to create jobs in this country. And I think it should be fair.
Second-generation Hispanics marry non-Hispanics at a higher rate than second-generation Irish or Italians. Second-generation Hispanics' English language capability rates are higher than previous immigrant groups'.
Rates of black poverty have decreased. Black teen-pregnancy rates are at record lows - and the gap between black and white teen-pregnancy rates has shrunk significantly. But such progress rests on a shaky foundation, and fault lines are everywhere.
For nearly a century, Republican-controlled Houses held the line on tax rates, a Republican coup de pointe to Democratic tax-increase parries.
The FOMC has considerable control over short-term interest rates. We have much less influence over long-term rates, which are set in the marketplace.
Do not enter into an agreement you cannot afford. Take precautions to avoid institutional loans with double-digit interest rates.
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
You can look at that by comparing Medicare's growth rates to the private insurance world, to the other Federal programs that we run, by looking at the billions of dollars, not millions but billions of dollars, we waste every year.
As a society, we're failing. In so many ways. Such high incarceration rates of underrepresented minorities ultimately means we're missing out on great potential from black and Latino communities. Yes, there's immense talent brewing even within the most impoverished neighborhoods. Talent is universal, but opportunity is not.