Debt is one person's liability, but another person's asset.

If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.

People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.

The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.

Not all private equity people are evil. Only some.

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

Bad ideas flourish because they are in the interest of powerful groups.