It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.

Most investors want to do today what they should have done yesterday.

The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.

The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.

Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

The availability of private insurance provides tremendous insulation for millions of individuals

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.