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.

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.

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

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

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

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

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.