Quotes of All Topics . Occasions . Authors
It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions
In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.
Inclusive economic institutions require secure property rights and economic opportunities not just for the elite but for a broad cross-section of society.
It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed.
Personally, I regard myself as an intellectual 'rebel,' kicking against the 'old colonialism-imperialism paradigm' which has landed Africa in a conundrum.
The popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time.
The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.
Sometimes it is my impression that most politicians are still not aware of being under the control of the financial markets and are even governed by them.
Allied supplies of arms to Russia, and the manpower reserves of Russia have been sufficient to bring continuous counter-attacks against our Eastern Front.
If the nature of the work is properly appreciated and applied, it will stand in the same relation to the higher faculties as food is to the physical body.
As a general principle, the American people would be well served by the active pursuit of effective policies to support longer-run growth in productivity.
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.
When you're unemployed for six months or a year, it is hard to qualify for a lease, so even the option of relocating to find a job is often off the table.
What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve.
That one never need to look beyond the love of money for explanation of human behavior is one of the most jealously guarded simplification of our culture.
The present age of contentment will come to an end only when and if the adverse developments that it fosters challenge the sense of comfortable well-being
In my lifetime, as a younger man, you were assumed to be an honest person. Your word was your bond, and a handshake was as good as a contract in business.
Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
Among the social media - I've tried them all - Facebook is a bit of a game, but Twitter is a productivity tool. I use it regularly and I'm addicted to it.
[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.
If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk out of the wreckage a very rich man.
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 Fed.
The act of being an entrepreneur is a theological act: it is a belief that God has given you the tools to go out, make money and take care of your family.
Cities that tend of have better schools for middle-income families, they tend to have much better prospects for kids moving up in the income distribution.
I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good wine a decade from now is limited.
If an economy in the doldrums could drift indefinitely, the price of government inaction might be graver by far than the consequences of bold unorthodoxy.
The welfare state is the oldest con game in the world. First you take people's money away quietly, and then you give some of it back to them flamboyantly.
People used to say, "Ignorance is no excuse." Today, ignorance is no problem. After all, you have "a right to your own opinion" - and self-esteem to boot.
Any politician who starts shouting election-year demagoguery about the rich and the poor should be asked, "What about the other 90 percent of the people?"
The thief or swindler who has gained great wealth by his delinquency has a better chance than the small thief of escaping the rigorous penalty of the law.
If you hate my guts and have designs to hurt me, and I see you building a cannon aimed at my house, I am not going to wait for you to finish construction.
After over half a century of employer-provided health care coverage, the American people have developed a phobia of paying for health insurance themselves.
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.
Let us designate anarchism1 anarchism as you define it. Let us desiginate anarchism2 anarchism as I and the American Heritage College Dictionary define it.
Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less narrowly focused.
Democracy has nothing to do with freedom. Democracy is a soft variant of communism, and rarely in the history of ideas has it been taken for anything else.
No citizen enjoys genuine freedom of religious conviction until the state is indifferent to every form of religious outlook from Atheism to Zoroastrianism.
With the aid of this credit policy, however, Germany created an armament second to none, and this armament in turn made possible the results of our policy.
Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices, and staffing.
Either the Baby Boomers are not going to have the retirement life that they expect or taxpayers are going to be hit with a tremendously huge bill. Or both.
Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.
Water security is not just for domestic policies. International co-operation is crucial to sustainably manage trans-boundary water bodies and river basins.
Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.
The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a disaster.
If some of the recovery money had gone to cities instead of states, the urban population, read "Black" and "Brown," would be better off with recovery jobs.
It is absurd to suppose we can think of nature as a system apart from knowledge, for it is knowledge that is increasingly determining the course of nature.
Life really went backwards. My parents lost everything, all their savings, because we had to run from the Nigerian side to the Biafran side. We were Igbos.
Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know, you can eat Spam. You cannot eat gold.
The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.
I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.