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

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

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

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

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

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

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

A global economy requires a global currency.

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.

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

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

What the world stigmatizes as romantic is often more nearly allied to the truth than is commonly supposed.

...[P]hysics... [is] the philosophy of nature, so far as it is based on empirical laws.

Our deeds determine us as much as we determine our deeds.

I've learned... That the easiest way for me to grow as a person is to surround myself with people smarter than I am.

I love that Voltaire was so willing to shock his readers with arbitrary cruelty. And I can completely relate to it.

For in Virginia, a plaine Souldier that can use a Pick-axe and spade, is better than five Knights.

Fear is faith that it won't work.

All thought is a feat of association; having what's in front of you bring up something in your mind that you almost didn't know you knew

I believe that people of my income group should pay more, and I explained why, but that won't necessarily lift overall wage levels.