“If I’ve made myself clear, I’ve misspoken.”

If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

I’m a better economist than I was a sax player.

I’m a plain soap kind of guy.

It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.

Amateurs want to be right. Professionals want to make money.

Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.

Political decisions are never random and will always lose out to innovative alternatives.

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.

There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

Whatever you tax you get less of.

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

These days, even out of office, I still read economic reports.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.

If prices go down, we will have problems – problems in the sense of spillover to other areas.

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

The overwhelming triumph of the international multimedia conglomerate has resulted in less diversity within the field and has made it much harder for newer writers not only to break in, but to make any kind of a living while doing so.

We’ve made it bigger; the resolution for this needs to be bigger than for other people.

This has upset the ‘media establishment’ but has made Fox the most powerful name in the news.

I have no regrets in my life even the crazy things I’ve been in. It all made me the I am today and I wouldn’t change anything. I’m happy with who I am!

We also show how group polarization sets the stage for risky and even dangerous decisions to be made.

If, for instance, we’d made the film after the show had been to Broadway, it would have been exactly the same film but we would have been assured that they would have understood it.

You know what Andy Warhol’s sole contribution to this country has been? He made Campbell’s Soup a household word.