Occupation: Economist Birth: March 6, 1926
If I've made myself clear, I've misspoken..
I love to play tennis and golf, listen to music, watch baseball and root for the Redskins..
The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contai….
The number one problem in today's generation and economy is the lack of financial literacy..
Deficit spending is simply a scheme for the confiscation of wealth..
Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, ca….
Amateurs want to be right. Professionals want to make money..
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default..
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you ….
We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to ….
The guiding purpose of the government regulator is to prevent rather than to create something..
History cannot be reduced to a set of statistics and probabilities..
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives..
We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do….
I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and f….
You can't have the capitalist system if an increasing number of people think it is unjust..
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs wi….
Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borro….
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of cred….
Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary..
Any informed borrower is simply less vulnerable to fraud and abuse..