Everybody wants the world to be a better place, and some think that government actions can bring that about. But they don’t take into consideration that government actions can often do more harm than good. Eugene Fama Read Quote
In my junior year in college, I was getting kind of tired of French. So, I took an economics course, and I loved it. The rest of my two years in college I spent in economics. Eugene Fama Read Quote
If you go back to the late ’50s, there really was nothing called “academic finance.” Well, there was something being taught in business schools as finance, but it really had no strong research underpinnings. Eugene Fama Read Quote
People think rationally that the world really is more risky. Imagine in 2008 that investors thought there was a 10% chance we’d have a depression. That would partly justify the drop in prices. Eugene Fama Read Quote
I’m an extreme libertarian, but I realize we’re in a democracy, and in a democracy, people can have views of all stripes, and there’s no reason to argue about it. Eugene Fama Read Quote
Debates go on to this day about what caused the Great Depression. Economics is not very good at explaining swings in economic activity. Eugene Fama Read Quote
I don’t know what a credit bubble means. I don’t even know what a bubble means. These words have become popular. I don’t think they have any meaning. Eugene Fama Read Quote
Economies typically do not function well in hyperinflation. The real value of government debt might disappear, but the economy is likely to disappear with it. Eugene Fama Read Quote
