“If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

Indeed, better risk management may be the only truly necessary element of success in banking.

There are no easy choices. Easy choices are long gone.

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

The number of mistakes I have made are just awesome. There is no number large enough to account for that.

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.

But rules cannot substitute for character.

Revolutions are something you see only in retrospect.

When trust is lost, a nation’s ability to transact business is palpably undermined.

It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.

The number one problem in today’s generation and economy is the lack of financial literacy.

I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.

Any informed borrower is simply less vulnerable to fraud and abuse.

Well, the first thing is that truth and power for me form an antithesis, an antagonism, which will hardly ever be resolved. I can define in fact, can simplify the history of human society, the evolution of human society, as a contest between power and freedom.

The world is not dialectical – it is sworn to extremes, not to equilibrium, sworn to radical antagonism, not to reconciliation or synthesis. This is also the principle of evil.

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.

As the antagonism between those who possess, and those who do not, is becoming more acute day after day.

The antagonism between nationalities will lose all its acuteness on the day when neither the iniquitous tendency to oppression and domination, nor the perpetual danger of the threatening preparations for war will exist.

The feeling (“sens”, Fr.) of solidarity that is born amidst a community rest on the feeling of antagonism arouse (aroused ? arose ?… sorry, – “suscité”, Fr.) by those who are opposed to it.