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..

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 ….

We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to ….

The guiding purpose of the government regulator is to prevent rather than to create something..

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this..

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anyth….

As long as we issue fiat currency, I see no alternative to a legal tender law..

Productivity is notoriously difficult to predict..

If prices go down, we will have problems - problems in the sense of spillover to other areas..

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors….

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than….

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own rever….

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zer….

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….

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

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority o….

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking.

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business..

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from ….

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions a….