I think we should consider the development of private digital currencies.

Nor do we want a Government entity like the Fed positioned to possibly infringe on our privacy.

In my view, turning the Fed into a retail bank is not a good idea.

I think it would be good to try to get back to that.

We had the best economy in 50 years. And that is if you measure it by objective metrics.

For 50 years, average spending has been about 20 percent of GDP, just a little more than that. Under the President's budget, spending remains at about 25 percent of GDP.

That is a massive amount of spending increase when we have, let us face it, a very strong economy, 5.8 percent unemployment.

That is just unbelievable, the spending, everywhere you look.

I have a concern, and my concern is how much detailed information we have about what is actually available to be repurposed.

Why haven't you provided the reports and the drawdown reports, right down to account level detail?

Do you believe that capitalism is the best economic system for producing the most prosperity for the greatest number of people?

It seems to me, in fact, that access to credit is a necessary precondition for poor people to move up to the middle class, not the other way around.