I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
Should globalization be allowed to proceed and thereby create an ever more flexible international financial system, history suggests that current imbalances will be defused with little disruption,
new innovations have begun to alter the manner in which we do business and create value, often in ways not readily foreseeable even five years ago.
China's progress towards prosperity and accession into the WTO will create new opportunities for American businesses and farmers,
It is possible to get markets which are too tight, which create inflationary imbalances and ultimately undercut the recovery,
in modest quantities does enhance the rate of growth of the economy and does create higher standards of living, but in excess, creates very serious problems.