"The forces of the market are just that: They are forces; they are like the wind and the tides; they are things that if you want to try to ignore them, you ignore them at your peril, and ... if you find a way of ordering your life that is compatible with these forces, indeed which harnesses these forces to the benefit of your society, that's the way to go." -- Arnold Harberger, University of Chicago Economist
Sunday, December 7, 2008
Charlie Rose video: A conversation with Pete Peterson
An hour with Pete Peterson, co-founder and senior chairman of The Blackstone Group. Peterson will give $1 billion to his new foundation, the Peter G. Peterson Foundation, to help solve some of the country's biggest economic problems. He discusses how he sees the current economic crisis, sovereign wealth funds, and his relationship with Blackstone co-founder and CEO, Steve Schwarzman.