Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

Amateurs want to be right. Professionals want to make money.

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

I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.