The Need For Values Is Inbred. Their

Improvements In Lending Practices Driven By Information Technology Have Enabled Lenders To Reach Out To Households With Previously Unrecognized Borrowing Capacities.

It's Hard To Overemphasize How Important Ford's Deregulation Was. True, Most Of The Benefits Took Years To Unfold-rail Freight Rates, For Example Hardly Budged At First. Yet Deregulation Set The Stage For An Enormous Wave Of Creative Destruction In The 1980s.

Regulators Have Not Been Able To Achieve The Level Of Future Clarity Required To Act Pre-emptively. The Problem Is Not Lack Of Regulation But Unrealistic Expectations. What We Confront In Reality Is Uncertainty, Some Of It Frighteningly So...

At The Risk Of Some Oversimplification, If The Skill Composition Of Our Work Force Meshed Fully With The Needs Of Our Increasingly Complex Capital-stock, Wage-skill Differentials Would Be Stable, And The Percentage Changes In Wage Rates Would Be The Same For All Job Grades.

I've Been In And Out Of Wall Street Since 1949, And I've Never Seen The Type Of Animosity Between Government And Wall Street. And I'm Not Sure Where It Comes From, But I Suspect It's Got To Do With A General Schism In This Society Which Is Really Becoming Ever More Destructive.