It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role.
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"It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role." — Maurice Allais
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It is understandable that the Fed injects cash to avoid the collapse of the stock market, but…
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It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role. — Maurice Allais
About Maurice Allais
Maurice Allais was a Economist from France (1911–2010).
Frequently Asked Questions
Who said "It is understandable that the Fed injects cash to avoid the collapse of the sto…"?
This quote is attributed to Maurice Allais, a Economist from France.
When did Maurice Allais live?
Maurice Allais lived from 1911 – 2010.