"In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.""I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not unemployment." "In government institutions, as in teaching, you need to inspire confidence. To achieve credibility, you have to very clearly explain what you are doing and why. The same principles apply to business."The extent of and continuing increase in inequality in the United States greatly concern me. Yankee Stadium is a natural venue for another lesson: You won't succeed all the time. Even Ruth, Gehrig, and DiMaggio failed most of time when they stepped to the plate. Finding the right path in life, more often than not, involves some missteps.
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