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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

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Accelerate Circumstance Dramatic Economic Innovation Offer Return Tendency Train

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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Anything Common Crise Human Like Look Nature
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