America has this wonderful ability to recover from its own mistakes, which is why it's so hugely superior to China.
The economy of tomorrow is unlikely to look much like that of yesterday.
With the changing economy, no one has lifetime employment. But community colleges provide lifetime employability.
Simply looking at the status quo and suggesting that the tax code is sacrosanct and can never change, and that decisions made in the '80s and '90s can never change, is absurd.
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.
Fear is the wrong response to technological unemployment. Focusing on economic flexibility and adaptability - with special attention to eliminating the barriers we've accidentally created to the mobility of the working classes - is the right response to technological disruption.
History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.
We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.
Cities and regions change. It doesn't happen overnight, but diversifying your economy is the only real route.
No government in any country can run on static definitions of economic thinking.
The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.
I don't have a mortgage or kids, so I can lie low and tighten my belt if I need to.
The real strength of the American economy is its extreme flexibility.
I grew up very poor, so I learned how to stretch a dollar. It's nice to combine high-end with low-end or whatever-end you want.
The euro is good for Europe. But only if there is flexibility all around.
