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Maurice Allais
French
May 31, 1911
Economist
Wall Street has become a veritable casino.
Maurice Allais
Tags:
Become
Street
Wall
We must take the world as it is and not as we would like it to be.
Maurice Allais
Tags:
Like
Would
World
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.
Maurice Allais
Tags:
Just
Been
Would
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
Tags:
Bad
Role
Basically
My approach has never been to start from theories to arrive at facts, but on the contrary, to try to bring out from the facts the explanatory thread without which they appear incomprehensible and elude effective action.
Maurice Allais
Tags:
Out
Been
Never
