“Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. econom.”

So it’s important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.

Under current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases.

The people who best use their advantages, or overcome adversity, and work honestly are those most worthy of admiration.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour.

[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

The GSEs are adequately capitalized. They are in no danger of failing.

Speaking as somebody who has been happily married for 35 years, I can’t imagine any choice more consequential for a lifelong journey than the choice of a traveling companion.

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

If your uniform isn’t dirty, you haven’t been in the game.

I assure this committee that, if I am confirmed, I will be strictly independent of all political influences… essential to that institution’s ability to function effectively and achieve its mandated objectives.

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

If there’s any mystery to me at all, it’s probably due to the fact that I’m not online and don’t go to conventions–which means that I’m probably not as accessible to fans as most writers are these days. If that makes me seem like a weird recluse, so be it.

Upper class to me means you are either born into wealth or you’re Royalty.

Do the story in the way it really demands to be done, which may mean using several different styles or only one style; but it’s still about respecting the story

I was so enamored with the idea of being in show business so everything was bright to me. I mean, I didn’t think of it as being tough and things like that.

I mean, we just started, it’s a new thing. We’re doing this for fun and we’re going to see where it goes.

You have to recognise your responsibility to your community for your actions. Liberty doesn’t mean that you are not held accountable.

I mean, if you pause over what it means at the age of 76 that Eleanor Roosevelt wrote, the happiest single day of her life was the day she made the first team at field hockey. Field hockey is a team sport. Field hockey is a knockabout.

To be a Ranger is to sense the sacred trust of upholding all that such a name means in this shrine of football.