It's a whole different attitude toward public service than it once was. I tell you, we can all sit around in our old age and moan about it, but I think the administrative processes and the management effectiveness of the federal government are terrible!

It was the biggest inflation and the most sustained inflation that the United States had ever had.

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

It was probably a mistake to allow gold to rise so high.

When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.

If, at the end of the day, we need to raise taxes, we should raise taxes.

A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.