A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while.

One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts.

The economy works best when better ideas win out over worse ideas, harder work wins out over less work, when it's a fair fight in the marketplace.

Between 1857 and 1929, while regulators largely stood idle, the American economy swung through 19 national boom-and-bust gyrations that sometimes threatened to wipe out whole industries within months.

The connection between education and a healthy economy is critical.

Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.