A Quote by Jerome Powell
Bailouts may have been more tolerable in the early 1990s when they were rare and their use for a failing bank was uncertain. That is no longer the case.
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There weren't many weapons in Egypt in the 1990s. Police controls on guns were very strict back then. That is no longer the case in Egypt today.
Most Russians actually were living much better by the end of the 1990s than by the beginning of the 1990s. Most Russians were no longer confronting food shortages.
You've just got to get people organized and tell them the truth. There aren't any magic tricks to it. You know, sometimes it's pretty amazing. Actually, I mentioned a pretty striking case of this in "Crisis and Hope," which was the Caterpillar case in the early 1990s.
No paper is more corrupt than the failing New York Times. The good news is it is failing, it won't be around too much longer.
Subsidies and bailouts cannot compensate for uncertain or permanently diminished market access.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.
With the feminist movement - a good movement which I support - there's been more overt criticism of the male, an attitude that men are failing to understand the finer nature of women, failing to appreciate their needs, failing to support them, failing to be compassionate.
I think the bailouts in 2008 were wrong. And I think, you look in hindsight, it was a lot of misinformation that was presented about the bailouts of the banks in the West.
This is a world that is much more uncertain than the past. In the past we were certain, we were certain it was us versus the Russians in the past. We were certain, and therefore we had huge nuclear arsenals aimed at each other to keep the peace. That's what we were certain of... You see, even though it's an uncertain world, we're certain of some things. We're certain that even though the "evil empire" may have passed, evil still remains.
I was actually working throughout the worst of the recession. I watched half my team lose their jobs, the hours were longer and the future was uncertain... But I worked with an amazing team and even in the worst times I was proud of the work I did and part I played. A lot people are surprised to hear I still miss the bank sometimes!
Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.
'Bad' health, in a thousand different forms, is used as an excuse for failing to do what a person wants to do, failing to accept greater responsibilities, failing to make more money, failing to achieve success.
I went to the library and learned how checks work. I found out that routing numbers are like zip codes: the checks are sent to the bank that correlates to the routing number. If I manipulate those numbers to a bank far away, it would take longer to get back to the bank, which gave me more time to write more bad checks.
Public anger over bank bailouts was as much about fairness as the billions of dollars spent.
By very conservative estimates, Turkish repression of Kurds in the 1990s falls in the category of Kosovo. It peaked in the early 1990s; one index is the flight of more than a million Kurds from the countryside to the unofficial Kurdish capital, Diyarbakir, from 1990 to 1994, as the Turkish army was devastating the countryside.
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