How much would you pay to avoid a second Depression?

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.

Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

I am confident that we will meet whatever challenges the future may bring.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals