Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

I'm a plain soap kind of guy.

Rules cannot take the place of character.

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... Derivatives have permitted the unbundling of financial risks.

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

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.

Productivity is notoriously difficult to predict.