If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

...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.

Excessive optimism sows the seeds of its own reversal.

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

There is no evidence that the business cycle has been repealed.

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

If prices go down, we will have problems - problems in the sense of spillover to other areas.