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“The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.”

“People are interested in certain ideas, in certain periods, and then that moves, and okay, now people are more interested in studying this, and there is no perfect balance, and how would you know what the perfect balance is? I mean, what does it mean to have too many Beethoven chairs and too few Stravinsky chairs? I mean, that's kind of a value judgment that isn't really based on humility. We don't know what the optimum number is, so let people figure this out on their own. People are more interested in Beethoven than Stravinsky? Great! Why would that bother me?”

“But it's strange, when you've always been told something is true, like the moon will come back. You need proof. And while you wait, you feel the entire balance of your world just tipping. It's crazy. But when it's over, and it does come back, that's the best, because it's all you want, everything narrows to just that. It's this great rush, like for that one second everything's okay with the world again. It's amazing.”