The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they….

We will have more crises and none of them will look like this because no two crises have anything in common except human nature..

There is no evidence that the business cycle has been repealed..

The arts develop skills and habits of mind that are important for workers in the new economy of ideas..

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….

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose..

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and….

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….

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 ….

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..

How do we know when irrational exuberance has unduly escalated asset values?.

Greenspan, who knew so much more than most, knew far less than most supposed..

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

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius..

But rules cannot substitute for character..

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 ….

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure….