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

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

The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree.

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

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

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

A global economy requires a global currency.