“The fundamental problem with banks is what it's always been: they're i...” — James Surowiecki Quote

The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.

Lower oil prices won't, by themselves, topple the mullahs in Iran. But it's significant that, historically, when oil prices have been low, Iranian reformers have been ascendant and radicals relatively subdued, and vice versa when prices have been high.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

On the simplest level, telecommuting makes it harder for people to have the kinds of informal interactions that are crucial to the way knowledge moves through an organization. The role that hallway chat plays in driving new ideas has become a cliche of business writing, but that doesn't make it less true.

Central banking often comes across as obscure and complicated, and we try to help the public understand what we do.

I've always tried to set some kind of goal. I want to be better than anybody in the banking business, and when I ran the Highway Department in Georgia, I wanted it to be the best in the country. And of course, I have a high sense of public service.

I want the best people, not just on the banking side but on innovation and technology.

The hardest obstacles for Bitcoin companies are banking and regulation.

The trouble with being educated is that it takes a long time; it uses up the better part of your life and when you are finished what you know is that you would have benefited more by going into banking.