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

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.

The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness.

I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.

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.

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