In general, corruption tends to exist whenever governments have favors to extend, or something to sell..

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 ….

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said..

If I say something which you understand fully in this regard, I probably made a mistake..

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War..

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a….

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financ….

Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of….

These days, even out of office, I still read economic reports..

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

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 ….

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. Th….

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern..

But rules cannot substitute for character..

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power..

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousan….

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks ….

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of ….

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk..

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….

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 ….