There Are No Easy Choices. Easy Choices

Before I Met Ayn Rand, I Was A Logical Positivist, And Accordingly, I Didn't Believe In Absolutes, Moral Or Otherwise. If I Couldn't Prove A Proposition With Facts And Figures, It Was Without Merit.

Anything That We Can Do To Raise Personal Savings Is Very Much In The Interest Of This Country.

We Will Have More Crises And None Of Them Will Look Like This Because No Two Crises Have Anything In Common Except Human Nature.

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.

But How Do We Know When Irrational Exuberance Has Unduly Escalated Asset Values, Which Then Become Subject To Unexpected And Prolonged Contractions As They Have In Japan Over The Past Decade?