“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”

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.

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.

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

We certainly don’t want them to do anything that’s going to affect themselves in an adverse way or affect our program, our university, or our team in an adverse way.

If history and science have taught us anything, it is that passion and desire are not the same as truth.

Never take anything for granted.

I won’t accept anything less than the best a player’s capable of doing… and he has the right to expect the best that I can do for him and the team!

I don’t control what people say. I don’t control what people put on dot-com or anything else.

This was due to the fact that they encouraged you always to make sure that God is the focus of your life, and they didn’t allow you to do anything except to the very best of your ability.

My mother was my biggest role model. She taught me to hate waste. We never wasted anything.

Successful people will always tell you you can do something. It’s the people who have never accomplished anything who will always discourage you from trying to achieve excellent things.