Market Prices Are Always Wrong.

Market Prices Are Always Wrong In The Sense That They Present A Biased View Of The Future.

The Main Difference Between Me And Other People Who Have Amassed This Kind Of Money Is That I Am Primarily Interested In Ideas, And I Don't Have Much Personal Use For Money.

Germans Tend To Forget Now That The Euro Was Largely A Franco-german Creation. No Country Has Benefited More From The Euro Than Germany, Both Politically And Economically. Therefore What Has Happened As A Result Of The Introduction Of The Euro Is Largely Germany's Its Responsibility.

In The Case Of A Meltdown, The Regulatory Authorities May Find Themselves Obliged To Step In To Preserve The Integrity Of The System. It Is In That Light That The Authorities Have Both A Right And An Obligation To Supervise And Regulate Derivative Instruments.

I'll Tell You What I'd Do If It Were Up To Me: I Would Establish A Strictly Controlled Distribution Network Through Which I Would Make Most Drugs, Excluding The Most Dangerous Ones Like Crack, Legally Available. Initially I Would Keep The Prices Low Enough To Destroy The Drug Trade. Once That Objective Was Attained I Would Keep Raising The Prices, Very Much Like The Excise Duty On Cigarettes, But I Would Make An Exception For Registered Addicts In Order To Discourage Crime. I Would Use A Portion Of The Income For Prevention And Treatment. And I Would Foster Social Opprobrium Of Drug Use.