"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
Topic(s):
Faith
More From Ron Chernow
- "The public has lost faith in the ability of Social Security and Medicare to provide for old age. They’ve lost faith in the banking system and in conventional medical insurance."
- "We really haven’t had very much experience with people funding their retirement out of the stock market, and we don’t know, frankly, how it would work under every scenario."
- "The history of Wall Street is inseparable from New York."
More In Faith
- "We have convinced over one billion members of the Islamic faith that we are prejudiced against their religion, that we would deny them freedom of religion, that we want suppress their culture and invade their governments."― Theodore C. Sorensen
- "I began to feel that the drama of the truth that is in the moment and in the past is richer and more interesting than the drama of Hollywood movies. So I began looking at documentary films."― Ken Burns
- "In my career as an actor, there is a catchphrase that Scofield always says often in regards to his brother, ‘Have a little faith.’ In my own career as an actor, there were times when I was the only one who believed in myself in the face of the odds."― Wentworth Miller