I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
Whatever you tax you get less of.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making.
Indeed, better risk management may be the only truly necessary element of success in banking.
It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
Greenspan, who knew so much more than most, knew far less than most supposed...
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
Anything that we can do to raise personal savings is very much in the interest of this country.
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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.
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
Deficit spending is simply a scheme for the confiscation of wealth.