In the long run, outsourcing is another form of trade that benefits the U.S. economy by giving us cheaper ways to do things.

As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.

My advice would be, as you consider fiscal policies, to keep in mind and look carefully at the impact those policies are likely to have on the economy's productive capacity, on productivity growth, and to the maximum extent possible, choose policies that would improve that long-run growth and productivity outlook.

Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.

There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had some recovery in manufacturing employment as the economy's recovered.

The first writers are first and the rest, in the long run, nowhere but in anthologies.