“Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have spark...”

“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.”

“The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis substantial fiscal resources were necessary. ”

“Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effect...”

“High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.”

“No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.”

“Education doesnt make you happy. Nor does freedom. We dont become happy just because were free if we are. Or because weve been educated if we have. But because education may be the means by which...”

“Because I trust in the ever-changing climate of the heart. (At least, today I feel that way.) I think it is necessary to have many experiences for the sake of feeling something; for the sake of bei...”

“The past has no power over the present moment.”

“Justice is the only worship.Love is the only priest.Ignorance is the only slavery.Happiness is the only good.The time to be happy is now,The place to be happy is here,The way to be happy is to make...”

“Be a good human.”

“Our country in general assumes that "the pursuit of happiness" really means "the pursuit of pleasure" and that therefore pleasure is the greatest good.”

“I do not know what I may appear to the world, but to myself I seem to have been only like a boy playing on the sea-shore, and diverting myself in now and then finding a smoother pebble or a prettie...”

“To know the history of science is to recognize the mortality of any claim to universal truth. ”

“The scientist only imposes two things, namely truth and sincerity, imposes them upon himself and upon other scientists.”