“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.”

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

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

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.

Derivatives have permitted the unbundling of financial risks.

Greenspan, who knew so much more than most, knew far less than most supposed.

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.

If I’ve made myself clear, I’ve misspoken.

…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

Excessive optimism sows the seeds of its own reversal.

Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.

Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.

The need for values is inbred. Their content is not.

American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.

You have to be malleable to what’s going to work, and you have to stay in the framework of the context.

Some critics have commented that understanding the specific Brazilian political context of the novel is helpful for reading Quiet Creature. This may be true, but it’s not prerequisite for understanding it.

I don’t like the word “experiment” in the context of art in general. It implies something immature, unfinished, something entertaining for a moment before it becomes irrelevant.

These are two people who would never have overlapped in any other way or context.

When we vote we participate in the construction of a context.

Working in the context of ultra-famous brands like Dior and Vuitton, creative spirits are always going to feel reined in. It’s important that they are free to develop ideas. And rather than detracting from the principal job, it reinforces it. I think of that money as venture capital. It’s not a big investment.

I hope another generation of children don’t have to grow up without understanding the historical context for contemporary racism.⁣

Most of my critics don’t even listen to me; they are clueless. They just go to Web sites that report what I say out of context.