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

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.

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

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

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!

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.

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