In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

Most consequential choices involve shades of gray, and some fog is often useful in getting things done

Monetary policy itself cannot sensibly be directed at reducing imbalances.

The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.

We believe in a strong dollar. Chinese financial assets are very safe.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

Financial crises require governments.

The choice is between which mistake is easier to correct: underdoing it or overdoing it.

The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.

I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar.

Our hesitancy to take credit for our accomplishments results in a loss of power, influence, and political capital in the workplace.

In my perception, the world wasn't a graph or formula or an equation. It was a story.

No matter what they tell you, no matter what they do, no matter what they teach you, what you believe is true.

The only stable principle of government is equality according to proportion, and for every man to enjoy his own.

When you love what you do, you tend to work harder anyway

When it came to kissing, Harlow was the best.

It is the Nobel Prize I want. It's worth $400,000.

This is Graceland. Home of the most famous musician in the world.” “Michael Jackson lived here?” “No, dummy,” Carter said. “Elvis Presley.

The Italian mafia, they're very [into] construction. They're in a whole different way of operating than they did back in the '20s.

I didn't say anything. Got nothing to say. I'm a married man; I don't need a relationship with another man.