Franco Modigliani
Franco Modigliani
Franco Modiglianiwas an Italian economist naturalized American, a professor at the MIT Sloan School of Management and MIT Department of Economics who won the Nobel Memorial Prize in Economics in 1985...
NationalityItalian
ProfessionEconomist
Date of Birth18 June 1918
CountryItaly
errors safety risk
High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.
jobs people rewards
A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable.
deficit effect good immediate trip until
The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later.