The Need For Values Is Inbred. Their

The Current Financial Crisis In The Us Is Likely To Be Judged In Retrospect As The Most Wrenching Since The End Of The Second World War.

Credit-default Swaps, I Think, Have Serious Problems Associated With Them.

The More Flexible An Economy, The Greater Its Ability To Self-correct In Response To Inevitable, Often Unanticipated, Disturbances And Thus To Contain The Size And Consequences Of Cyclical Imbalances.

The Very Nature Of Finance Is That It Cannot Be Profitable Unless It Is Significantly Leveraged... And As Long As There Is Debt, There Can Be Failure And Contagion.

If We Are To Remain Preeminent In Transforming Knowledge Into Economic Value, America's System Of Higher Education Must Remain The World's Leader In Generating Scientific And Technological Breakthrough, And In Meeting The Challenge To Educate Workers.