Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.

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

The only antidote to dangerous ideas is strong alternatives vigorously advocated.

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.

There are idiots. Look around.

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.

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