Not all private equity people are evil. Only some.

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

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

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

The French, unfortunately, actually believe what they say, and that has been very destructive.

Default is not in our stars, but in ourselves.

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.