The essence of a university is free and open inquiry, and when it loses that it is no longer a university.

If what you preach and what you do are inconsistent, your children will spot hypocrisy faster than anybody and do the opposite.

We have the best leaders and the most depth of leadership we've ever had. If I get hit by a truck, maybe it would get me out of the way and it would go better.

We create these boom-bust cycles by manipulating the money supply and the interest rates and directing it where it went in. And that is what happened with housing: pushed into housing combination of easy money plus all the regulations, and we created this boom-bust cycle, and corruption, because corruption goes with it, because you don't have the same discipline. So we've got to stop all that.

If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.

Anytime students shout down a speaker who says something different, this is not good.

Innovation comes from recombining existing technology and different perspectives in innovative ways.