It's surprising that out of all the commentary you read on what's happening, nobody thinks it's just a basic inflationary story.

Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor.

It's generally the case that if you push through tax cuts, over time, it will stimulate activity; and as growth accelerates, you'll start to get revenue increases back.

I feel strongly that a ham sandwich with a scepter would be a fine Fed chairman. In fact, I think a ham sandwich with a scepter might do a better job because it wouldn't be politically motivated.

It seems to me that markets aren't going to be too happy if its just a replacement thing.

It's really just a waiting game. You can't expect excesses to be done correcting just because you want them to be done correcting.