French - Economist | May 31, 1911 - October 9, 2010
It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role.
Maurice Allais
Stock MarketBadPolicyRoleMarket
In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers.
UsedUsefulJunkPrincipleBonds
It would be just as pointless to oppose the international use of English today as it would have been to oppose the worldwide use of French in the 18th century.
TodayPointlessEnglishBeenJust
We must take the world as it is and not as we would like it to be.
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