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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.

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Against Always Any Believe Fraud Law Need Probably

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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Credit-default swaps, I think, have serious problems associated with them.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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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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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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And she always has so much fun doing it. We make a good team.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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And the percentage changes in wage rates would be the same for all job grades.
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