“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.”

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.

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…

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

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.

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.

Bitcoin is like anything else: it’s worth what people are willing to pay for it.

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.

The heat from your computer is not wasted if you need to heat your home.

Subscription sites that need some extra proof-of-work for their free trial so it doesn’t cannibalize subscriptions could charge bitcoins for the trial.

Bitcoins have no dividend or potential future dividend, therefore not like a stock. More like a collectible or commodity.

Bitcoin generation should end up where it’s cheapest. Maybe that will be in cold climates where there’s electric heat, where it would be essentially free.

For greater privacy, it’s best to use bitcoin addresses only once.

Cash is the payphone of money! Time to upgrade to crypto.