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.

The only thing useful banks have invented in 20 years is the ATM.

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

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.

A global economy requires a global currency.

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.

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