“There are some risks we choose to take because the benefits from takin...” — Robert F. Engle Quote

“There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.”

“The Nobel Prize in Economics is an incredible recognition for the work that my students, colleagues and I have done over the years. We all worked hard, but we were also lucky that the financial applications were so important.”

“Mississippi's loose campaign finance laws allow lawyers and companies to contribute heavily to the judges they appear before. That is terrible for justice, since the courts are teeming with perfectly legal conflicts of interest.”

“Inflation is taxation without legislation.”

“Education Secretary Betsy DeVos owes Ohio $5.3 million for campaign finance violations, and Mike DeWine's office refuses to collect the fine.”