I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
The economy is a collection of emotions.
Relative to other economies in the world, India has a good feel to it.
Nothing is more destructive than the gap between people's perceptions of their own day-to-day economic well-being and what politicians and statisticians are telling them about the economy
It is a little surprising given the strength of the economy that there is a perception - at least among some of the public - that the economy is not very good.
You can see signs of a roaring economy. You can sense economic growth. You know it's happening. You're part of it. It is affecting you. Seventy-five percent of Americans think the government is corrupt.
The stock market can be down, but the stock market is not an indication of where people's spirits and enthusiam are, and where their intellectual energy is.
I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.
It is true that there's an economic argument and an economic feeling that something different needs to happen and politicians talking out of both sides of their mouth and all that kind of stuff.
