Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

Excessive optimism sows the seeds of its own reversal.

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

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.