Quote by Ron Chernow
The Great Inflation of the 1970s destroyed faith in paper assets,

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before. – Ron Chernow

Other quotes by Ron Chernow

We really havent had very much experience with people funding their retirement out of the stock market, and we dont know, frankly, how it would work under every scenario. – Ron Chernow

Category:
Experience
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If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals. – Ron Chernow

Category:
finance
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Other Quotes from
Faith
category

The public has lost faith in the ability of Social Security and Medicare to provide for old age. Theyve lost faith in the banking system and in conventional medical insurance. – Ron Chernow

Category:
Faith

The Bible is our rule of faith and doctrine. – Ellen G. White

Category:
Faith

While we remain a nation decisively shaped by religious faith, our politics and our culture are, in the main, less influenced by movements and arguments of an explicitly Christian character than they were even five years ago. I think this is a good thing – good for our political culture. – Jon Meacham

Category:
Faith

As a small business owner for the last 15 years, when I think of what truly changed my life, it was my faith, a strong family, my mom did a really, really good job of encouraging me in very clear and discernible ways. – Tim Scott

Category:
Faith

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We know nothing of tomorrow; our business is to be good and happy today. – Sydney Smith

Category:
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As a 22-year Army Veteran who served in Operations Desert Storm and Iraqi Freedom, and as a Civilian Advisor to the Afghan Army in Operation Enduring Freedom, I understand both the gravity of giving the order, and the challenge of carrying it out. – Allen West

Category:
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Youth is the best time to be rich, and the best time to be poor. – Euripides

Category:
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Love comes with a knife, not some shy question, and not with fears for its reputation! – Rumi

Category:
Rumi