In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

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

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

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

When trust is lost, a nation's ability to transact business is palpably undermined.

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.