Franco Modigliani Quotes

• 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.

  Franco Modigliani

  Jobs, People, Rewards

  Franco Modigliani (2001). “Adventures of an Economist”, W. W. Norton

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• 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.

  Franco Modigliani

  Errors, Safety, Risk

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• Is it important that the rent of
  land be retained as a source of
  government revenue. Some persons
  who could make excellent use of
  land would be unable to raise money
  for the purchase price. Collecting
  rent annually provides access to
  land for persons with limited
  access to credit.

  Franco Modigliani

  Government, Land, Important

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