As An Economist, I'm Aware That Life

A Government Decision That Slashes Spending At The Wrong Time And Sends A Weak Economy Into A Tailspin Can Be Just As Undisciplined As One That Unleashes A Wasteful Spending Spree In An Overheated Environment.

Good Economic Policy Requires Not So Much The Bravado To Implement Drastic Change As The Strength And Wisdom To Make Reasonable Trade-offs Over The Many Years It Takes To Transform A Country's Standard Of Living.

You Can Actually Make A Lot Of Money And Do A Lot Of Good In The World. I Don't See Those Things As Being In Opposition To One Another. I Never Have.

In Jamaica, You're Never Very Far Away From People Who Don't Have Very Much, And In Wilmette, Pretty Much Everybody Had A Lot.

I Think That Whether You're On The Right Or On The Left As An Economist Or As A Policy Maker, Every Serious Analyst I Know Agrees That At Some Point You Have To Deal With Entitlements.