through education and training, not by restraining the competitive forces that are so essential to overall rising standards of living of the great majority of our population.
Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),
We don't look at stock prices and say, 'If they are rising we have to raise interest rates,' ... To the extent that the stock market affects the economy, we will respond to that.
is on an unsustainable path, in which large deficits result in rising interest rates and ever-growing interest payments that augment deficits in future years.