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In the 1960s, and stretching back to the 1930s, it was felt by many economists that easy money is a reliable way to increase employment. ”
Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union. ”
Overpaying the banks for their toxic assets could contribute capital, but that may not be politically feasible or attractive. ”
To prosper and advance, the American business sector is going to need a financial system oriented toward business, not 'home ownership.' ”
When the word 'morality' comes up in connection with economics, income distribution and financial stability are usually the issues. Is it moral for rich countries to use such a high proportion of the world's resources or for investment bankers to earn large bonuses? ”
I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepreneur does: to recognize that most are engaged in their work, form expectations and evolve beliefs, solve problems, and have ideas. Trying to put these people into economic models became my project. ”
I can remember when I first went into the Himalayan area way back in 1951. Money, for instance, was not important at all to the local people. But now, finance has become just as important to them as it is to us, and this is a change maybe not for the better. ”
Nobility is a graceful ornament to the civil order. It is the Corinthian capital of polished society. ”
Religion is essentially the art and the theory of the remaking of man. Man is not a finished creation. ”
The only way not to think about money is to have a great deal of it. ”