An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.
Any informed borrower is simply less vulnerable to fraud and abuse.
Anything that we can do to raise personal savings is very much in the interest of this country.
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. But material success is possible in this world and far more satisfying when it comes without exploiting others.
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
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.
I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
If you're going to move to private accounts, which I approve of, I think you have to do it in a cautious, gradual way.
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.
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making.
It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
The Fact that our economical models at The Fed, the best in the world, have been wrong for fourteen straight quarters, does not mean they will not be right in the fifteenth quarter.
The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.
Whatever you tax, you get less of.
In 2002, he honored with the title of Knight Commander of the British Empire (KBE).
He was Chairman of the Council of Economic Advisers under President Ford.
He is a skilled saxophone player.
He is Chairman of the Board of Governors of the Federal Reserve of the United States.
You can share a link to this page with your friend!