We will see the increasingly rapid rate of growth we've already been seeing in Colorado continue.
The rate of growth of the relevant population is much greater than the rate of growth in funds, though funds have gone up very nicely. But we have been producing students at a rapid rate; they're competing for funds and therefore they're more frustrated. I think there's a certain sense of weariness in the intellectual realm, it's not in any way peculiar to economics, it's a general proposition.
I think it's almost impossible for any expert to predict for the rapid changes we see in the Middle East. They are rapid and they will continue for quite a while.
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.
My belief is India's banking industry will continue to grow at two and a half times the GDP growth rate.
Well, one of the things I should tell you is that if you look at the very long sweep of history what you see is that the rate of growth has been speeding up, the rate of progress, and that's because there's more and more people who are all engaged in this process of discovery.
The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.
Even in developing markets, we're seeing the growth of digital communication is proceeding at a very rapid pace.
I was chairman of the steering committee for agriculture when we set up the target of 4% growth rate. I had written that if you want to achieve 4% growth rate in agriculture, you should have 8% growth in animal husbandry and fisheries and 8% in horticulture.
We're very interested in seeing what science Exxon has been using for its own purposes because they're tremendously active in offshore oil drilling in the Arctic, for example, where global warming is happening at a much more rapid rate than in more temperate zones.
If we wish our state's growth to continue, then our future will increasingly be with industries that require a highly skilled and technically proficient workforce.
I will continue to decisively promote reforms that will promote growth, and at the same time, I will continue to negotiate hard in order to avoid any reforms that would undermine growth.
The growth of the American food industry will always bump up against this troublesome biological fact: Try as we might, each of us can only eat about fifteen hundred pounds of food a year. Unlike many other products - CDs, say, or shoes - there's a natural limit to how much food we each can consume without exploding. What this means for the food industry is that its natural rate of growth is somewhere around 1 percent per year - 1 percent being the annual growth rate of American population. The problem is that [the industry] won't tolerate such an anemic rate of growth.
In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.
Weve got a police system who protect us, weve got firemen who put out fires. Weve got defence, man. Thats what tax is for.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.