• Science and Technology

  Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means.

  4.3 · 50 votes · 36 reads

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• Nature

  Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of tha

  3.4 · 38 votes · 99 reads

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• Government and Politics

  Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

  4.6 · 53 votes · 59 reads

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• Society

  Diplomacy is really far less important than the stock movements within Russia.

  4.8 · 26 votes · 174 reads

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• Countries

  Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.

  4.7 · 12 votes · 69 reads

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• Government and Politics

  Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence.

  3.8 · 46 votes · 135 reads

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• Feelings

  Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Con

  4.4 · 57 votes · 12 reads

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• Feelings

  Fear invariably and universally induces disengagement, and disengagement is negative division of labor.

  3.5 · 24 votes · 169 reads

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• Feelings

  Fear is a far more dominant force in human behaviour than euphoria - I would never have expected that or given it a moment's thought before, but it shows up in the data in so many ways.

  3.5 · 7 votes · 148 reads

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• Society

  Finance is wholly different from the rest the economy.

  4.8 · 61 votes · 85 reads

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• Time

  Forecasting our futures is built into our psyches because we will soon have to manage that future. We have no choice. No matter how often we fail, we can never stop trying.

  4.2 · 36 votes · 99 reads

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• Time

  History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

  4.1 · 23 votes · 73 reads

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• Nature

  I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.

  3.4 · 46 votes · 132 reads

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• Feelings

  I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the indivi

  4.1 · 25 votes · 153 reads

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• Society

  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 anything we've been talking about today or anything anybody else was talking about.

  3.3 · 31 votes · 19 reads

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• Feelings

  I get so engaged when I have a problem you cannot solve that I just cannot break away from what I am doing - I keep thinking and thinking and cannot stop.

  3.5 · 20 votes · 109 reads

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• Society

  I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

  3.4 · 40 votes · 37 reads

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• Society

  I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

  4.2 · 42 votes · 162 reads

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• Government and Politics

  I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.

  4.4 · 19 votes · 16 reads

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• Society

  I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.

  3.4 · 41 votes · 64 reads

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• Society

  I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

  3.0 · 63 votes · 179 reads

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• Nature

  I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading. So I made an economic decision, and it turned out the best judgment I ever made in my life.

  4.3 · 61 votes · 146 reads

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• Art and Culture

  I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

  4.2 · 57 votes · 93 reads

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• Art and Culture

  I wasn't able to do much reading when I was chairman of the Reserve Board. The workload was too large, and the luxury of reading was not available to me. So I caught up a good deal when I left office.

  3.7 · 5 votes · 27 reads

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• Society

  I'm a free-market economist from years and years back, and I've never veered from that.

  3.3 · 36 votes · 70 reads

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• Nature

  I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

  4.6 · 34 votes · 68 reads

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• Science and Technology

  I've always considered myself more of a mathematician than a psychologist.

  4.4 · 42 votes · 199 reads

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• Thought and Reason

  I've been around long enough to know that a good deal of the praise heaped on me I had nothing to do with. The only thing I did object to was the fact that where the criticism was actually wrong. Did it bother me? Of course it bothered me. But I've been a

  4.2 · 30 votes · 48 reads

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• Government and Politics

  I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming

  4.3 · 9 votes · 12 reads

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• Society

  If I turn out to be particularly clear, you've probably misunderstood what I've said.

  3.5 · 26 votes · 52 reads

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• Society

  If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropolog

  5.0 · 63 votes · 44 reads

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• Society

  In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

  4.4 · 14 votes · 81 reads

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• Society

  Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.

  3.9 · 10 votes · 119 reads

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• Society

  It is very difficult to predict when a bond crisis could happen.

  3.0 · 34 votes · 73 reads

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• Society

  It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate capital.

  3.8 · 62 votes · 133 reads

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• Society

  It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.

  4.5 · 21 votes · 130 reads

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• Society

  Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my

  4.5 · 46 votes · 196 reads

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• Society

  Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer.

  4.6 · 28 votes · 117 reads

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• Society

  Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.

  3.8 · 21 votes · 66 reads

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• Countries

  Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staf

  3.9 · 42 votes · 111 reads

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Page 1 of 2 · 77 quotes

What they wrote about

• Economy26 of their quotes
• Finance6 of their quotes
• Money5 of their quotes
• Society5 of their quotes
• America4 of their quotes
• Government4 of their quotes