Phrase by 'Maurice Allais'
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Wall Street has become a veritable casino.
Author: Maurice Allais - French EconomistBecome , Street , Wall , Casino
The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.
Author: Maurice Allais - French EconomistReality , Street , Market , Wall
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.
Author: Maurice Allais - French EconomistBad , Avoid , Policy , Stock Market
In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers.
Author: Maurice Allais - French EconomistPrinciple , Used , Useful , Bonds
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.
Author: Maurice Allais - French EconomistJust , Today , English , Use
We must take the world as it is and not as we would like it to be.
Author: Maurice Allais - French EconomistWorld , Like , Must , Take
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