"To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world."

"Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly."

"So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls."

"First, I think the science of monetary economics has clearly gotten better."

"I want there to be no peasant in my kingdom so poor that he cannot have a chicken in his pot every Sunday."

"It is easy to be independent when you've got money. But to be independent when you haven't got a thing, that's the Lord's test."

"Poor, darling fellow - he died of food. He was killed by the dinner table."

"Good health is not something we can buy. However, it can be an extremely valuable savings account."