Sometimes time actually works against you if you refuse to face the relevant issues and explain to the public what is at stake.

Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.

The US needs a cap and trade system with auctioning of licenses for emissions rights. The revenues from these auctions can be used to launch a new, environmentally friendly energy policy. That would be yet another federal program that could help us to overcome the stagnation.

I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.

I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.

What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.

If we care about universal principles such as freedom, democracy and the rule of law, we cannot leave them to the care of market forces; we must establish some other institutions to safeguard them.