“I am confident that we will meet whatever challenges the future may bring.”

A gold standard doesn’t imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending.

Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve’s other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.

Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other goals without the income from a job.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

I generally leave the details of fiscal programs to the Administration and Congress. That’s really their area of authority and responsibility, and I don’t think it’s appropriate for me to second guess.

One might as well try to perform brain surgery with a sledgehammer.

We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.

It is not the responsibility of the Federal Bank – nor would it be appropriate – to protect lenders and investors from the consequences of their decisions

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

If Wall Street crashes, does Main Street follow? Not necessarily.

In fact, the world needs more nerds.

Although low inflation is generally good, inflation that is too low can pose risks to the economy – especially when the economy is struggling.

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

She (a woman politician) will be challenging a system that is still wedded to militarism and that saves billions of dollars a year by underpaying women and using them as a reserve cheap labor supply

We must turn the greatest collective challenge facing humankind today – climate change – into the greatest opportunity for common progress towards a sustainable future.

As a company grows, communication becomes its biggest challenge.

The present challenge to the photographer is to express inner significance through outward form.

For me life is a challenge. And it will be a challenge if I live to be 100 or if I get to be a trillionaire.

Climate change…is, simply, the greatest collective challenge we face as a human family.

I’d like to meet a lovely man who shares my interests. On the other hand, I possibly will not. It’s part of the hand you’re dealt. It’s a challenge-and I’m not atypical.

The SAS Reserve tends to be made up of former paratroopers and commandos who still want a challenge, but it is open to civilians.