“Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.”
Quote by Alan Greenspan
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“History cannot be reduced to a set of statistics and probabilities.”
Source: The Age of Paradox
“The eighties was an era when many companies were asset rich and cash poor.”
“No less than war or statecraft, the history of Economics has its heroic ages.”
Source: Complete Essays: 1920-1925
