“Productivity is notoriously difficult to predict.”

American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.

If I seem unduly clear to you, you must have misunderstood what I said.

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.

Unfortunately, Senator, nobody knows where the next innovative idea is coming from.

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.

The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…

I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.

Rules cannot take the place of character.

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.

Fiat money in extremis is accepted by nobody. Gold is always accepted.

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more

If I say something which you understand fully in this regard, I probably made a mistake.

Market financed withdrawals of home equity in recent years.

Notorious’ is a masterwork. I can watch it every day.

How is it possible for those who are men of honor in their persons, thus to become notorious liars in their party

Yeah, the Mac Life… it’s about sipping some tea, getting together with the knitting circle. You know I like origami, right? That’s how you get to be notorious.

A notorious inability to express emotions makes human beings the only animals capable of suicide.

My favorite movie, one of ’em is [Notorious]. I love Scarface as well. I’ve got a lot of mob movies.