Once A Trend Is Established It Tends

There Is Very Little Difference Between Speculation And Investment. The Only Difference Is Basically That Investments Are Successful Speculations Because If You Successfully Anticipate The Future You Make A Speculative Profit.

I Am For Maximum Supervision And Minimum Regulation.

The Scope For Improvement Is Infinite, Precisely Because Perfection Is Unattainable.

You Need A Government That Believes In Government. It Also Believes In Markets And Wants To Give Markets The Best, The Greatest Opportunity, But Is Trying To Govern Well.

This Is The Joint Responsibility Of Everyone Who Was Involved In The Introduction Of The Euro Without Understanding The Consequences. When The Euro Was Introduced, The Regulators Allowed Banks To Buy Unlimited Amounts Of Government Bonds Without Setting Aside Any Equity Capital. And The European Central Bank Discounted All Government Bonds On Equal Terms. So Commercial Banks Found It Advantageous To Accumulate The Bonds Of The Weaker Countries To Earn A Few Extra Basis Points.