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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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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.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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