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I mean, Iceland is Iceland. It can't do damage to anybody unless you're Icelandic. But the United States can drag down the entire western economy. And I think what we are seeing is simply a reflection of reality. This is not, I'm sorry, but this is not a AAA nation. ↗
Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price. ↗
In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics. ↗
Besides a happy policy as to civil government, it is necessary to institute a system of law and jurisprudence founded in justice, equity, and public right. ↗
