The only antidote to dangerous ideas is strong alternatives vigorously advocated.

Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.

Most investors want to do today what they should have done yesterday.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.