If you think you understand what I am saying you do not understand what I am saying.

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.

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.

Productivity is notoriously difficult to predict.

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

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