"Financial capitalism is far from a perfect system, and one of its fundamental problems is that it is vulnerable to booms and busts, recessions and depressions. These events have happened so many times in the past that one can predict with certainty they will happen again. So it is widely appreciated that we need policy makers whose duty is to counteract such instabilities and reduce their impact."
"It is not that those successful in business are necessarily smarter than other people. In fact they may be relatively insensitive to the real needs of the poor and, because of their specialization in business, to many intellectual pursuits as well. It is rather that they are specialized in a particular kind of intelligence: the ability to put human talents and business opportunities together. This same talent can and should be used for human benefit."