Economics has many substantive areas of knowledge where there is agreement, but also contains areas of controversy. That's inescapable.

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.

Jump, when they say, and ask, how high? It is the only way to truly fit in. And who would want to be any different?

How we think shows through in how we act. Attitudes are mirrors of the mind. They reflect thinking.

A purpose, an intention, a design, strikes everywhere even the careless, the most stupid thinker.

It's the Twentieth Century ... no more miracles.

Forgiveness happens naturally when you see that it has no purpose other than to strengthen a false sense of self, to keep the ego in place.

Searchers after horror haunt strange, far places.

Looking through the list of earlier Nobel laureates, I note a large number with whom I became acquainted and with whom I interacted during those years as they passed through Cambridge.

John Cryan and I worked together at UBS, and I think John is one smart, hardworking individual, and I wouldn't bet against John. I wish him well.

We always prefer war on our own terms to peace on someone else's.

Steeds, steeds, what steeds! Has the whirlwind a home in your manes?