In economics, we often focus on measurable outcomes, neglecting aspects of well-being that aren't easily quantified, such as dignity and quality of life.

Teaching economics effectively involves conveying material in memorable ways, such as through narratives and conversations, rather than just lectures.

When discussing the implications of economic models, it's crucial to remember that just because a model's predictions are accurate, it doesn't mean the underlying assumptions capture reality.

The real challenge for the U.S. is ensuring that more people participate in GDP growth, as societal perceptions can be affected even if everyone is doing better overall.

It's important to recognize that economic security provides opportunities for meaningful relationships and experiences, not just material wealth.

Understanding wealth requires intellectual engagement, as it involves recognizing its effects, powers, and limitations, rather than just its physical benefits.

Investment is a challenging business, as it involves creating value that cannot be physically touched, unlike tangible products.

Discussing wealth creation in abstract terms is challenging because it requires timeless truths that apply in almost every context, which limits what can be said.

We can't manage what we can't measure, so we're starting with measurement, but it's not sufficient on its own.