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It's very difficult to explain to a normal working citizen the implications of what $18 trillion in debt means and what it means when the Federal Reserve buys the U.S. Treasury bonds to finance our loss every month.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
I learned to be a hot-air balloon pilot to take tourists over the Masai Mara Reserve in order to earn some money and finance the work I was doing with my wife, Anne. We were studying the life of a family of lions for more than two years. Taking pictures was a way to capture information we could not put in words.
It is incumbent upon each of us to improve spending and savings practices to ensure our own individual financial security and preserve the collective economic well-being of our great society.
The reserve of modern assertions is sometimes pushed to extremes, in which the fear of being contradicted leads the writer to strip himself of almost all sense and meaning.
The reason most people don't express their individuality and actually deny it, is not fear of what prime ministers think of us or the head of the federal reserve, It's what their families and their friends down at the bar are going to think of them.
A good youth ought to have a fear of God, to be subject to his parents, to give honor to his elders, to preserve his purity; he ought not to despise humility, but should love forbearance and modesty. All these are an ornament to youthful years.
To pretend that former President Donald Trump's Republican Party will act in good faith to preserve democracy is naive.
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.
The wisdom of the wise and the experience of the ages is preserved into perpetuity by a nation's proverbs, fables, folk sayings and quotations.
The wisdom of the wise, and the experience of ages, may be preserved by quotation.
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
Our daughters were coming of age during a rising consciousness about gender equality. Throughout their school years - from kindergarten through graduate school, 1972 to 1992 - women were starting to take their places in areas traditionally reserved mostly for men.
The perfection of our union, especially our commitment to equality of opportunity, has been a story of constant striving to live up to our Founding principles. This is what Abraham Lincoln meant when he said, 'In giving freedom to the slave, we assure freedom to the free - honorable alike in what we give, and what we preserve.'
As Oklahoma attorney general, it is not my job to formulate or implement Oklahoma's plan, but it is my job to preserve Oklahoma's right to do so - particularly when the Clean Air Act so clearly recognizes that Oklahomans, and not federal bureaucrats, are best situated to determine Oklahoma energy and environmental policies.
We must not risk defunding environmental conservation programs, which is why Congress should reauthorize the Land and Water Conservation Fund to preserve our natural resources.
On almost every environmental issue I care about, in fact, I've been wrong at one point or another. I used to think that climate change was no big deal, that most environmental problems were massive exaggerations, that oil reserves were effectively unlimited, and more.
In fact, because of their connection to the land, farmers do more to protect and preserve our environment than almost anyone else. They are some of the best environmentalists around.
Every creature is better alive than dead, men and moose and pine trees, and he who understands it aright will rather preserve its life than destroy it.
Every time I have some moment on a seashore, or in the mountains, or sometimes in a quiet forest, I think this is why the environment has to be preserved.
I'm still shy - I'm no good at my children's parent-teacher conferences, and I'm slowly learning how to ask for what I want. But I now know that I have a reserve of courage to draw upon when I really need it. There's nothing that I'm too scared to have a go at.
Courage is what preserves our liberty, safety, life, and our homes and parents, our country and children. Courage comprises all things.
Remember that the good angels do what they can to preserve men from sin and obtain God's honor. But they do not lose courage when men fail.
When we tackle obstacles, we find hidden reserves of courage and resilience we did not know we had. And it is only when we are faced with failure do we realise that these resources were always there within us. We only need to find them and move on with our lives.
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