Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

There is a palpable unease that businesses and jobs are being drained from the United States, with potentially adverse long-run implications for unemployment and the standard of living of the average American,

The housing boom will inevitably simmer down, ... As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.

It is still too early to judge whether the froth will become evident on a widening geographic scale or whether recent indications of some easing of speculative pressures signal the onset of a moderating trend,

After the fact, we will look back on the Enron episode as a period when we put corporate governance back on track, ... That is favorable to the long-term outlook. If it were going to have significant impact on the economy in the short run, we'd already be seeing it, and we are not.

Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.