LESSONS LEARNED FROM 90 YEARS IN BANKING THE BANKER AT 90

摘要

"The question how far this interdependence will continue, how far the Reserve System will be the ultimate hope for the stock market, and how far it is likely that repression instead of inflation of speculative loans will be resorted to, are the problems still to be settled in the course of time." "If the US and Europe have had to intervene in such a momentous fashion to get credit flowing again, what does that say about the notion of free markets? If the nightmare on Wall Street can only be ended with greater oversight from the Federal Reserve, what does that say about the ideal of deregulation that the West has championed?"