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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.

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Cannot Cause Far Forecast Future Go People Realize Probability

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The Iraq War is largely about oil.
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How do we know when irrational exuberance has unduly escalated asset values?
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Whatever you tax you get less of.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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Cannot Cause Far Forecast Future Go People Realize Probability
As long as we issue fiat currency, I see no alternative to a legal tender law.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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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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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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