Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years.

The fact is that any carbon legislation is designed to make us not use coal. So if you're a state that has a lot of coal, you're going to get hammered.

The term 'business cycle' is imprecise. Economic fluctuations affect everyone, not just businesses, and they are, unlike astral cycles, anything but regular.

Kevin Hassett Quotes