Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.

Rules cannot take the place of character.

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

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.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

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.

Anything that we can do to raise personal savings is very much in the interest of this country.