“In fact, the world needs more nerds.”

It’s the price of success: people start to think you’re omnipotent.

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare.

Not all information is beneficial.

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.

You’ve given me the best of you, but now I need the rest of you.

To me, this goes beyond disappointing. It shows that we are failing to gain ground on the very conditions we need to reverse to improve our graduation rates and produce more students who are ready for college and the workforce.

We’re going to need that kind of movement, because the fossil fuel industry is a sprawling adversary – at work everywhere, its tentacles in everybody’s politics, invulnerable, I think, to direct frontal assault, but probably more brittle than it guesses if we come at it from all sides.

I don’t have all the answers. I need your help, your guidance, and your leadership to tackle the challenges before us.

We’re teaching our children how to live. We need to start teaching them how to die.

Newcastle need a chief scout who is in unicism with the management

People under 75 need more seasoning

The intelligent investor is likely to need considerable will power to keep from following the crowd.