The Choice Is Between Which Mistake Is

As Financial Markets Continue To Broaden And Deepen, The Behavior Of Asset Prices Will Play An Important Role In The Formulation Of Monetary Policy Going Forward, Perhaps A More Important Role Than In The Past.

We Have Parts Of Our System Which Are Overwhelmed By Regulation. It Wasn't The Absence Of Regulation That Was The Problem. It Was Despite The Presence Of Regulation You Got Huge Risks Built Up.

Hyperinflation Is Not Going To Happen In This Country, Will Never Happen... The Fed Putting So Much Money Into The System Is Not Going To Create The Risk Of Hyperinflation In The Future. We Have A Strong Independent Federal Reserve With A Very Strong Mandate From The Congress, And They Will Do What's Necessary To Keep Inflation Low And Stable Over Time.

The Choice Is Between Which Mistake Is Easier To Correct: Underdoing It Or Overdoing It.

Some Think That By Preparing To Deal With Crises You Make Them More Likely. I Think The Wiser Judgment Is The Contrary. In This Area At Least, If You Want Peace Or Stability, It's Better To Prepare For War Or Instability