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

One of those disturbing tendencies in academic life is that there is a desire on the part of many in the name of open-mindedness to fall into a kind of relativistic denialism in which all positions are equally legitimate, all positions must be respected, and compromise must be entered into no matter what the starting point or reasonableness of the two parties.

In politics, as in poetry, it is sometimes true that it is darkest before dawn.

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

It's important to remember how fortunate we are as a country to have a currency and a bond market that is seen in every way as a source of strength and it's a huge responsibility for us to keep it that way.

There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs

When I look out the window at my backyard, I can't think of anything interesting to ask. I mean, it's green, it's growing-but nothing occurs to me that any concentrated effort of thought could possibly enlighten. Whereas in economic, statistical, or mathematical kinds of things, I can think lots of questions.