Occupation: Historian Birth: April 25, 1939
Bankers were scapegoats for the whole Reagan-Thatcher era, which exalted finance and humbled industry, and which had allowed the fruits of progress t….
Americans feel as though the only position they can possibly occupy is number one and if they're not number one, well, the end of the world has come..
Hayek became in his later years the dominant intellectual influence of the last quarter of the twentieth century..
What would've happened, do you think, had the government not intervened in October 2008? The catastrophe to the economy would've been absolutely unbe….
You do just have to go back to moral philosophy and you've got to say, okay, there is greed, people do want more and more, but then what restrains th….
When you think of everything in terms of just money, then almost nothing is enough. I mean, how much money is enough? Because it's hard to translate ….
Investors are trying to work out some risk premiere that have some correspondence with actual risks. But they don't, they're not, they can't go very ….
There's no automatic mechanism in a market system that reconciles the desire to save and the desire to invest. And therefore, the government has to s….
It's not enough say, "Look, bankers were immensely greedy and that they committed lots of frauds." I mean, that's not, they were set free, that sort ….
The psychology of the saver and the psychology of the investor is very closely connected with Keynes' distinction between risk and uncertainty. When ….