The world is still in deleveraging.

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.

If you don't own Gold, you know neither history nor economics.

It's more important to do big things well than to do small things perfectly.

That's what I mean by radical truth. I mean accepting reality.

I think the basic problem is that everybody thinks they know what the truth is, and sometimes they're even distorting the truth to make their arguments.

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.