Bill Foster: “The Stronger Patent Act does just that. I think it is really important.”

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.