I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldnt see any. – Merton Miller
What counts is what you do with your money, not where it came from. – Merton Miller
You only need to make one big score in finance to be a hero forever. – Merton Miller
My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. – Merton Miller
The FHAs success provides strong evidence that government can and should play a role in the nations mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it. – Mark Zandi