Financial Crises Require Governments.

In The Financial System We Have Today, With Less Risk Concentrated In Banks, The Probability Of Systemic Financial Crises May Be Lower Than In Traditional Bank-centered Financial Systems

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.

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.

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.

Monetary Policy Itself Cannot Sensibly Be Directed At Reducing Imbalances.