If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

Whatever you tax you get less of.

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

The guiding purpose of the government regulator is to prevent rather than to create something.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.