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

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

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…

Regulators have not been able to achieve the level of future clarity required to act pre-emptively.

Adaptation is always the same process for me, which is some version of throwing the book at the wall and seeing what pages fall out.

So she pulled the cord out of the wall, opened the second-floor window, and just threw it out the window.

Unwatched truth is the enchantment of childhood.And we never grow out of it.

There are people who are born and die and never once are aware of their breath going in and out of their body. That’s how far away they live from themselves

If we do our best and make efforts, a peaceful and great future will become ours without fail.

I don’t feel out of place. I think of earth as my home. If everyone thought this way, people might notice just how foolish international friction is and the would be put an end to it.

Your only job is to stay in your seat. You will see it all arise and pass, and out of this, wisdom and understanding will come.

When coming out of sitting, don’t think that you’re coming out of meditation, but that you are only changing postures.