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Maurice Allais Quotes


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Quotes by Maurice Allais

Showing 11-16 of 16 Quotes by Maurice Allais

Wall Street has become a veritable casino.

~Maurice Allais

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The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.

~Maurice Allais

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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

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In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers.

~Maurice Allais

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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

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We must take the world as it is and not as we would like it to be.

~Maurice Allais

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Biography

Nationality: French

Type: Economist

Born: May 31st, 1911

Died: October 9th, 2010

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