I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

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.

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.

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

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.

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

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.