The standard of living of the average American has to decline.

What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.

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

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.

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 probably a mistake to allow gold to rise so high.