It's a whole different attitude toward public service than it once was. I tell you, we can all sit around in our old age and moan about it, but I th….

Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the….

The standard of living of the average American has to decline..

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy..

A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and expo….

The only thing useful banks have invented in 20 years is the ATM..

The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 per….

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence..

When I hear complaints about less liquidity, remember there is such a thing as too much liquidity..

The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a diffe….

That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency ….

It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I….

What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life..

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and….

If, at the end of the day, we need to raise taxes, we should raise taxes..

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better….

It was the biggest inflation and the most sustained inflation that the United States had ever had..

A global economy requires a global currency..

It was probably a mistake to allow gold to rise so high..