Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.

The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.

Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.

But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

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.

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

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.