“I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.”

It signals problems with respect to currency markets. Central banks should pay attention to it.

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

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

Having been brought up with a definition of faith as adherence to a set of beliefs, I have more and more begun to turn instead toward a definition of faith as openness to truth, whatever truth may turn out to be.