I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.

[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

Wealthy individuals bought themselves a radical right party, believing - correctly - that it would cut their taxes and remove regulations, but failed to realize that eventually the craziness would take on a life of its own, and that the monster they created would turn on its creators as well as the little people.

I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.

When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful.