Credit-default swaps, I think, have serious problems associated with them..

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about v….

The process of innovation is, of course, never ending..

I've always argued that this country has benefited immensely from the fact that we draw people from all over the world..

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial struc….

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in ….

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive ….

All taxes are a drag on economic growth. It's only a question of degree..

The tub helps me relax, and it's a great place to read..

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of prote….

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are ….

Any informed borrower is simply less vulnerable to fraud and abuse..

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and f….

History cannot be reduced to a set of statistics and probabilities..

You can't have the capitalist system if an increasing number of people think it is unjust..

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary..

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives..

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of cred….

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borro….

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..