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Wednesday, July 09, 2008

Maurice Allais

Born May 31, 1911, in Paris (France), Maurice Allais was the 1988 Nobel Laureate in Economics for his pioneering contributions to the theory of markets and efficient utilization of resources.

Outstanding quotes

  • In essence, the present creation of money, out of nothing by the banking system, is similar - I do not hesitate to say it in order to make people clearly realize what is at stake here - to the creation of money by counterfeiters, so rightly condemned by law."

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