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.

I'm a better economist than I was a sax player.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

The tub helps me relax, and it's a great place to read.

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.

The need for values is inbred. Their content is not.

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