Occupation: Economist Birth: March 6, 1926
Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, ca….
The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new….
Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our mo….
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contai….
The number one problem in today's generation and economy is the lack of financial literacy..
Deficit spending is simply a scheme for the confiscation of wealth..
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you ….
Amateurs want to be right. Professionals want to make money..
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default..
If I've made myself clear, I've misspoken..
I love to play tennis and golf, listen to music, watch baseball and root for the Redskins..
Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of….
The process of innovation is, of course, never ending..
Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part….
Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits,….
History has not dealt kindly with the aftermath of protracted periods of low risk premiums..
As long as we issue fiat currency, I see no alternative to a legal tender law..
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who ….
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs wi….
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs..
It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example har….