“Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.”

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.

If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.

Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

How do we know when irrational exuberance has unduly escalated asset values?

So there is no reason to suspect that the actual process of boosting rates would be any different.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

The guiding purpose of the government regulator is to prevent rather than to create something.

Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.

Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

It’s a bubble. It has to have intrinsic value. 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.

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

We cannot rule out a situation in which a preemptive policy tightening becomes necessary.

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…

All of us failed to match our dreams of perfection. So I rate us on the base of our splendid failure to do the impossible.

But theater, because of its nature, both text, images, multimedia effects, has a wider base of communication with an audience. That’s why I call it the most social of the various art forms.

I think it’s good for a fan base because as we all know the majority of the fans are white America. And if you just had a couple of white guys in there, you might get them a little excited.

We did not want, from garbage and nuclear wastes to sludge from sewage to entire ships that had reached the end of their useful life.

Everything we do in life is based on fear, especially love.

Notre Dame is the one school that has a national recruiting base, from Florida to Texas to California.

If I’ve got a good pinch-hitter, I hate to have him stay on the bench with men on the bases in an early inning. He may end the game right there.

Superstition is the only religion of which base souls are capable of.