Indeed, in general, healthy investment returns cannot be sustained in a weak economy, and of course it is difficult to save for retirement or other g….

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gol….

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past wer….

Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are w….

I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and th….

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have con….

I am very proud of my nerd-dom..

The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis..

The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings..

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth and le….

A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encour….

Monetary policy is not a panacea..

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employme….

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would..

Both humanity's capacity to innovate and the incentives to innovate are greater today than at any other time in history..

I don't see much evidence of an equity bubble..

Nobody really understands gold prices and I don't pretend to understand them either..

I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as whether to ser….

The central bank needs to be able to make policy without short term political concerns..

A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money..

If Wall Street crashes, does Main Street follow? Not necessarily..