Occupation: Economist Birth: March 6, 1926
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….
Any informed borrower is simply less vulnerable to fraud and abuse..
The Iraq War is largely about oil..
Indeed, better risk management may be the only truly necessary element of success in banking..
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and e….
Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial struc….
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives..
I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading..
The tub helps me relax, and it's a great place to read..
If I say something which you understand fully in this regard, I probably made a mistake..
Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view..
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said..
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil..
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature..
The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousan….
I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of prote….
Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borro….
We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to ….
If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It ….
What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. Th….
Excessive optimism sows the seeds of its own reversal..