“In general, corruption tends to exist whenever governments have favors to extend, or something to sell.”

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.

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…

Regulators have not been able to achieve the level of future clarity required to act pre-emptively.

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

The duty of youth is to challenge corruption.

Those who fight corruption should be clean themselves.

I love to watch television in Babylon, especially the news because it’s so full of corruption. I-man know there is so much corruption, there is bound to be an eruption!

To be corrupted by totalitarianism, one does not have to live in a totalitarian country.

But if thought corrupts language, language can also corrupt thought.

All Earthquakes and Disasters are warnings; there’s too much corruption in the world.

There is no swifter route to the corruption of thought than through the corruption of language.

A man who has never gone to school may steal a freight car; but if he has a university education, he may steal the whole railroad.