Quotes of All Topics . Occasions . Authors
If prices go down, we will have problems - problems in the sense of spillover to other areas.
[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
The guiding purpose of the government regulator is to prevent rather than to create something.
Anything that we can do to raise personal savings is very much in the interest of this country.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
Fear invariably and universally induces disengagement, and disengagement is negative division of labor.
The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower.
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.
The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.
Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
The person I liked the best was Gerald R. Ford. He was the most decent man in politics I ever had any relationships with.
Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit is extremely difficult.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.
Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.
It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate capital.
The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.
It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
I get so engaged when I have a problem you cannot solve that I just cannot break away from what I am doing - I keep thinking and thinking and cannot stop.
Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.
Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means.
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
When you go back and look at American history, it's not terribly different from Canadian history. If you weren't self-reliant on the prairie, you wouldn't survive.
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.