Deflation and secular stagnation are the risks of our time.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.

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

Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.

There are idiots. Look around.

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.