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

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again.

Monetary policy is not a panacea.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.

Personal Responsibility leads to collective responsibility.

Nations, as well as man, almost always betray the most prominent features of their future destiny in their earliest years.

Rock stars come and go. Musicians play until they die.

The act of writing is an act of optimism. You would not take the trouble to do it if you felt that it didn't matter.

Politics, as hopeful men practise it in the world, consists mainly of the delusion that a change in form is a change in substance.

I will never sit down with Gerry Adams . . . he'd sit with anyone. He'd sit down with the devil. In fact, Adams does sit down with the devil.

I have a new horse. I get her to come to me from half a mile away. With just a simple call. That's because she knows that when she's with me, she's taken care of. She trusts me.

We live not, in reality, on the summit of a solid earth but at the bottom of an ocean of air

Physiological psychology is, therefore, first of all psychology.

No, I'm no enemy to learning; it hurts not me.