Contagion has become very much a phenomenon, and it's a phenomenon of globalization.

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

Investment in girls' education may well be the highest-return investment available in the developing world.

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.

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.

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

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.