I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

Revolutions are something you see only in retrospect.

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.

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

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

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