Oral history is a recipe for complete misrepresentation because almost no one tells the truth, even when they intend to.

As a teacher, my strategy is to encourage questioning. I’m the least authoritarian professor you’ll ever meet.

If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well...

My fundamental tenets are concerned with freedom of the individual; the market isn’t perfect, but it’s the best available way of allocating resources.