Stephen Friedman, former chairman of Government Sachs...oh, that is, Goldman Sachs, now chairman of New York Reserve Bank has had to resign. Hmmm....just make you realize that government and the big banks are all working together for each other.
NEW YORK (Reuters) – Stephen Friedman, chairman of the New York Federal Reserve Bank's board of directors, resigned on Thursday amid questions about his purchases of stock in his former firm, Goldman Sachs.
Showing posts with label Milton Friedman. Show all posts
Showing posts with label Milton Friedman. Show all posts
Friday, May 8, 2009
Wednesday, March 11, 2009
Quote....
The great advances of civilization, whether in architecture or painting, in science or in literature, in industry or agriculture, have never come from centralized government." --economist Milton Friedman (1912-2006)
Saturday, February 21, 2009
The Euro, Fundamentally will not work
When others were fawning over the European Union and its committee creation of the euro, Milton Friedman made this prescient and brilliant comment:
"It seems to me that Europe, especially with the addition of more countries, is becoming ever-more susceptible to any asymmetric shock. Sooner or later, when the global economy hits a real bump, Europe's internal contradictions will tear it apart."
"It seems to me that Europe, especially with the addition of more countries, is becoming ever-more susceptible to any asymmetric shock. Sooner or later, when the global economy hits a real bump, Europe's internal contradictions will tear it apart."
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