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The idea that deficits don't matter for countries that can borrow in their own currency I think is just wrong. I think that U.S. debt is fairly high as a level of (gross domestic product) and, much more importantly than that, it's growing faster than GDP, to the extent that people are talking about the Fed - our role is not to provide support for particular policies.

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    Quiz

    Are you a quotes master?

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    In which movie does this quote appear: "This is your life and it's ending one minute at a time."?
    A Double Impact
    B Men in Black
    C Way of the Dragon
    D Fight Club