We draw our Presidents from the people. It is a wholesome thing for them to return to the people. I came from them. I wish to be one of them again.
You can't go around hoping that most people have sterling moral characters. The most you can hope for is that people will pretend that they do.
Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed.
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