The Day The Markets Roared

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The Day the Markets Roared

Author : Henry Kaufman
Publisher : BenBella Books
ISBN 13 : 1953295207
Total Pages : 217 pages
Book Rating : 4.9/5 (532 download)

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Book Synopsis The Day the Markets Roared by : Henry Kaufman

Download or read book The Day the Markets Roared written by Henry Kaufman and published by BenBella Books. This book was released on 2021-04-06 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Legendary economist Dr. Henry Kaufman shares a classic Wall Street story that has never been fully told: a firsthand account of the day in August 1982 that would define US economics for decades Dr. Henry Kaufman is the most famous economist Wall Street has ever seen, renowned well beyond the financial industry. He was the subject of New Yorker cartoons, had cameos in drama productions and two seminal literary works of the 1980s, was subject to death threats, and enjoyed the nickname "Dr. Doom." His pinnacle of influence arrived on August 17, 1982. That single day turned out to be the beginning of the world that we now live in. At the time, after painful years of high interest rates and the inflation of the late 1960s and 1970s, consumers were paying 17 percent and higher to borrow money. But by the end of one summer day almost 40 years ago, the stock market had undergone its second-biggest rally since WWII, while bond prices soared and interest rates plunged. Dr. Kaufman himself had written a memo that sparked this tremendous boom-and it set the global markets on fire, marking the start of almost four decades of US economic growth. The Day the Markets Roared answers the questions: • Why did Dr. Kaufman break with his longstanding bearish views to make a momentous prediction that spurred blaring headlines everywhere from Brazil to Beijing? • How could a private individual exercise such profound influence over global financial markets? • How did we get to today's rock-bottom and even negative rates? And what is their continuing impact on the economy, our financial markets and our livelihoods? The Day the Markets Roared is a firsthand, minute-by-minute account of one remarkable day in financial and economic history, with a rich cast of characters, from Salomon's John Gutfreund to interest rate guru Sydney Homer, to Dr. Kaufman's longtime friend, Fed Chairman Paul Volcker. Dr. Kaufman reflects on the lessons of the historic August 1982 episode, harkening back to a more optimistic moment in American history, and offering inspiration for better times ahead.

Tectonic Shifts in Financial Markets

Author : Henry Kaufman
Publisher : Springer
ISBN 13 : 3319483870
Total Pages : 186 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Tectonic Shifts in Financial Markets by : Henry Kaufman

Download or read book Tectonic Shifts in Financial Markets written by Henry Kaufman and published by Springer. This book was released on 2017-02-16 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform. Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies. As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage and penetrating analysis of today’s superheated and – he argues – still‐fragile financial world.

Other People's Money

Author : Nomi Prins
Publisher : The New Press
ISBN 13 : 1595586628
Total Pages : 370 pages
Book Rating : 4.5/5 (955 download)

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Book Synopsis Other People's Money by : Nomi Prins

Download or read book Other People's Money written by Nomi Prins and published by The New Press. This book was released on 2006-08-01 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critical, independent voices are seldom found within the citadels of international finance. That's what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public. In this acclaimed exposé, named one of the best books of 2004 by The Economist, Barron's, Library Journal, and The Progressive, Prins provides fascinating firsthand details of day-to-day life in the financial leviathans, with all its rich absurdities. She demonstrates how the much-publicized fraud of recent years resulted from deregulation that trashed the rules of responsible corporate behavior, and not simply the unbridled greed of a select few. While the stock market roared on the back of phony balance sheets, executives made out like bandits and Congress looked the other way. Worse yet, as the new foreword to the paperback edition makes clear, everything remains in place for a repeat performance.

Value Investing Today

Author : Charles Brandes
Publisher : McGraw Hill Professional
ISBN 13 : 0071436286
Total Pages : 239 pages
Book Rating : 4.0/5 (714 download)

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Book Synopsis Value Investing Today by : Charles Brandes

Download or read book Value Investing Today written by Charles Brandes and published by McGraw Hill Professional. This book was released on 2003-09-22 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Updated data and insights to help value investors address the realities of today's markets On the heels of recent stock market tumbles and deceptions, value investing--the staple of investing greats from Benjamin Graham to Warren Buffett--has roared back into the spotlight. Value Investing Today returns with a new edition, filled with updated information and advice to give investors the skills and knowledge to become successful value investors. Broader in scope than previous editions, this third edition offers fresh lessons investors can use to uncover stocks that are, for whatever reason, underpriced in relation to their value. Updates to this edition include: New chapters on the psychology of investing and corporate governance Expanded discussions on the importance of margin of safety Increased correlations among world markets, and how to capitalize on them

Gonzo Wall Street

Author : Richard E. Farley
Publisher : Simon and Schuster
ISBN 13 : 1682451992
Total Pages : 318 pages
Book Rating : 4.6/5 (824 download)

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Book Synopsis Gonzo Wall Street by : Richard E. Farley

Download or read book Gonzo Wall Street written by Richard E. Farley and published by Simon and Schuster. This book was released on 2022-08-30 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Simon & Schuster eBook. Simon & Schuster has a great book for every reader.

Justice

Author : Michael J. Sandel
Publisher : Farrar, Straus and Giroux
ISBN 13 : 1429952687
Total Pages : 318 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Justice by : Michael J. Sandel

Download or read book Justice written by Michael J. Sandel and published by Farrar, Straus and Giroux. This book was released on 2009-09-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: A renowned Harvard professor's brilliant, sweeping, inspiring account of the role of justice in our society--and of the moral dilemmas we face as citizens What are our obligations to others as people in a free society? Should government tax the rich to help the poor? Is the free market fair? Is it sometimes wrong to tell the truth? Is killing sometimes morally required? Is it possible, or desirable, to legislate morality? Do individual rights and the common good conflict? Michael J. Sandel's "Justice" course is one of the most popular and influential at Harvard. Up to a thousand students pack the campus theater to hear Sandel relate the big questions of political philosophy to the most vexing issues of the day, and this fall, public television will air a series based on the course. Justice offers readers the same exhilarating journey that captivates Harvard students. This book is a searching, lyrical exploration of the meaning of justice, one that invites readers of all political persuasions to consider familiar controversies in fresh and illuminating ways. Affirmative action, same-sex marriage, physician-assisted suicide, abortion, national service, patriotism and dissent, the moral limits of markets—Sandel dramatizes the challenge of thinking through these con?icts, and shows how a surer grasp of philosophy can help us make sense of politics, morality, and our own convictions as well. Justice is lively, thought-provoking, and wise—an essential new addition to the small shelf of books that speak convincingly to the hard questions of our civic life.

Red Swan

Author : Sebastian Heilmann
Publisher : The Chinese University of Hong Kong Press
ISBN 13 : 9629968274
Total Pages : 260 pages
Book Rating : 4.6/5 (299 download)

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Book Synopsis Red Swan by : Sebastian Heilmann

Download or read book Red Swan written by Sebastian Heilmann and published by The Chinese University of Hong Kong Press. This book was released on 2018-07-15 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The resilience of the Communist party-state, in combination with a rapidly expanding economy, represents a significant deviant case for the debate about models of development. This book focuses on the manner in which China's governmental system can be developed, formulated, implemented, adjusted, and revised. Policy-making is seen as an open ended process with an uncertain outcome, driven by conflicting interests, recurrent interactions, and continuous feedback, rather than determined by history, regime type, or institutions. Key to this are the capacity to deal with both existing and emerging challenges, correction mechanisms when conflicts arise, and adaptive capabilities in a changing economic or international context.

Confessions of a Street Addict

Author : James J. Cramer
Publisher : Simon and Schuster
ISBN 13 : 9780743224888
Total Pages : 356 pages
Book Rating : 4.2/5 (248 download)

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Book Synopsis Confessions of a Street Addict by : James J. Cramer

Download or read book Confessions of a Street Addict written by James J. Cramer and published by Simon and Schuster. This book was released on 2003-06-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cramer takes readers on a no-holds-barred tour of life on Wall Street--revealing how the game is played, who breaks the rules, and who gets hurt.

Tightrope

Author : Nicholas D. Kristof
Publisher : Vintage
ISBN 13 : 0525564179
Total Pages : 322 pages
Book Rating : 4.5/5 (255 download)

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Book Synopsis Tightrope by : Nicholas D. Kristof

Download or read book Tightrope written by Nicholas D. Kristof and published by Vintage. This book was released on 2020-09-01 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: NATIONAL BESTSELLER • With stark poignancy and political dispassion Tightrope addresses the crisis in working-class America while focusing on solutions to mend a half century of governmental failure. This must-read book from the authors of Half the Sky “shows how we can and must do better” (Katie Couric). "A deft and uniquely credible exploration of rural America, and of other left-behind pockets of our country. One of the most important books I've read on the state of our disunion."—Tara Westover, author of Educated Drawing us deep into an “other America,” the authors tell this story, in part, through the lives of some of the people with whom Kristof grew up, in rural Yamhill, Oregon. It’s an area that prospered for much of the twentieth century but has been devastated in the last few decades as blue-collar jobs disappeared. About a quarter of the children on Kristof’s old school bus died in adulthood from drugs, alcohol, suicide, or reckless accidents. While these particular stories unfolded in one corner of the country, they are representative of many places the authors write about, ranging from the Dakotas and Oklahoma to New York and Virginia. With their superb, nuanced reportage, Kristof and WuDunn have given us a book that is both riveting and impossible to ignore.

The Great Race

Author : Levi Tillemann
Publisher : Simon and Schuster
ISBN 13 : 1476773505
Total Pages : 352 pages
Book Rating : 4.4/5 (767 download)

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Book Synopsis The Great Race by : Levi Tillemann

Download or read book The Great Race written by Levi Tillemann and published by Simon and Schuster. This book was released on 2016-01-19 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Race recounts the exciting story of a century-long battle among automakers for market share, profit, and technological dominance—and the thrilling race to build the car of the future. The world’s great manufacturing juggernaut—the $3 trillion automotive industry—is in the throes of a revolution. Its future will include cars Henry Ford and Karl Benz could scarcely imagine. They will drive themselves, won’t consume oil, and will come in radical shapes and sizes. But the path to that future is fraught. The top contenders are two traditional manufacturing giants, the US and Japan, and a newcomer, China. Team America has a powerful and little-known weapon in its arsenal: a small group of technology buffs and regulators from California. The story of why and how these men and women could shape the future—how you move, how you work, how you live on Earth—is an unexpected tale filled with unforgettable characters: a scorned chemistry professor, a South African visionary who went for broke, an ambitious Chinese ex-pat, a quixotic Japanese nuclear engineer, and a string of billion-dollar wagers by governments and corporations. “To explain the scramble for the next-generation auto—and the roles played in that race by governments, auto makers, venture capitalists, environmentalists, and private inventors—comes Levi Tillemann’s The Great Race…Mr. Tillemann seems ideally cast to guide us through the big ideas percolating in the world’s far-flung workshops and labs” (The Wall Street Journal). His account is incisive and riveting, explaining how America bounced back in this global contest and what it will take to command the industrial future.

Tractor Wars

Author : Neil Dahlstrom
Publisher : BenBella Books
ISBN 13 : 1637740085
Total Pages : 248 pages
Book Rating : 4.6/5 (377 download)

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Book Synopsis Tractor Wars by : Neil Dahlstrom

Download or read book Tractor Wars written by Neil Dahlstrom and published by BenBella Books. This book was released on 2022-01-11 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Mr. Dahlstrom...has written a superb history of the tractor and this long-forgotten period of capitalism in U.S. agriculture. We now know the whole story of when farming, business and the free-market economy diverged, divided and conquered." —Wall Street Journal Discover the untold story of the “tractor wars,” the twenty-year period that introduced power farming—the most fundamental change in world agriculture in hundreds of years. Before John Deere, Ford, and International Harvester became icons of American business, they were competitors in a forgotten battle for the farm. From 1908-1928, against the backdrop of a world war and economic depression, these brands were engaged in a race to introduce the tractor and revolutionize farming. By the turn of the twentieth century, four million people had left rural America and moved to cities, leaving the nation’s farms shorthanded for the work of plowing, planting, cultivating, harvesting, and threshing. That’s why the introduction of the tractor is an innovation story as essential as man’s landing on the moon or the advent of the internet—after all, with the tractor, a shrinking farm population could still feed a growing world. But getting the tractor from the boardroom to the drafting table, then from factory and the farm, was a technological and competitive battle that until now, has never been fully told. A researcher, historian, and writer, Neil Dahlstrom has spent decades in the corporate archives at John Deere. In Tractor Wars, Dahlstrom offers an insider’s view of a story that entwines a myriad of brands and characters, stakes and plots: the Reverend Daniel Hartsough, a pastor turned tractor designer; Alexander Legge, the eventual president of International Harvester, a former cowboy who took on Henry Ford; William Butterworth and the oft-at-odds leadership team at John Deere that partnered with the enigmatic Ford but planned for his ultimate failure. With all the bitterness and drama of the race between Ford, Dodge, and General Motors, Tractor Wars is the untold story of industry stalwarts and disruptors, inventors, and administrators racing to invent modern agriculture—a power farming revolution that would usher in a whole new world.

Future Babble

Author : Dan Gardner
Publisher : McClelland & Stewart
ISBN 13 : 0771035217
Total Pages : 319 pages
Book Rating : 4.7/5 (71 download)

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Book Synopsis Future Babble by : Dan Gardner

Download or read book Future Babble written by Dan Gardner and published by McClelland & Stewart. This book was released on 2010-10-12 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, as the price of oil surged above $140 a barrel, experts said it would soon hit $200; a few months later it plunged to $30. In 1967, they said the USSR would have one of the fastest-growing economies in the year 2000; in 2000, the USSR did not exist. In 1911, it was pronounced that there would be no more wars in Europe; we all know how that turned out. Face it, experts are about as accurate as dart-throwing monkeys. And yet every day we ask them to predict the future — everything from the weather to the likelihood of a catastrophic terrorist attack. Future Babble is the first book to examine this phenomenon, showing why our brains yearn for certainty about the future, why we are attracted to those who predict it confidently, and why it’s so easy for us to ignore the trail of outrageously wrong forecasts. In this fast-paced, example-packed, sometimes darkly hilarious book, journalist Dan Gardner shows how seminal research by UC Berkeley professor Philip Tetlock proved that pundits who are more famous are less accurate — and the average expert is no more accurate than a flipped coin. Gardner also draws on current research in cognitive psychology, political science, and behavioral economics to discover something quite reassuring: The future is always uncertain, but the end is not always near.

The Day Freedom Died

Author : Charles Lane
Publisher : Macmillan + ORM
ISBN 13 : 1429936789
Total Pages : 345 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis The Day Freedom Died by : Charles Lane

Download or read book The Day Freedom Died written by Charles Lane and published by Macmillan + ORM. This book was released on 2008-03-04 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of the massacre of a Southern town’s freedmen and a white lawyer’s battle to bring the killers to justice: “Riveting.” —The New York Times Book Review Following the Civil War, Colfax, Louisiana, was a town, like many, where African Americans and whites mingled uneasily. But on April 13, 1873, a small army of white ex–Confederate soldiers, enraged after attempts by freedmen to assert their new rights, killed more than sixty African Americans who had occupied a courthouse. With skill and tenacity, the Washington Post’s Charles Lane transforms this nearly forgotten incident into a riveting historical saga. Seeking justice for the slain, one brave US attorney, James Beckwith, risked his life and career to investigate and punish the perpetrators—but they all went free. What followed was a series of courtroom dramas that culminated at the Supreme Court, where the justices’ verdict compromised the victories of the Civil War and left Southern blacks at the mercy of violent whites for generations. The Day Freedom Died is an electrifying piece of historical detective work that captures a gallery of characters from presidents to townspeople, and re-creates the bloody days of Reconstruction, when the often-brutal struggle for equality moved from the battlefield into communities across the nation. “Thoroughly readable, carefully documented.” —Publishers Weekly (starred review) “Fascinating.” —New Orleans Times-Picayune “An electrifying piece of historical reporting.” —Tucson Citizen

Oil

Author : Toby Shelley
Publisher : Zed Books Ltd.
ISBN 13 : 1848137443
Total Pages : 211 pages
Book Rating : 4.8/5 (481 download)

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Book Synopsis Oil by : Toby Shelley

Download or read book Oil written by Toby Shelley and published by Zed Books Ltd.. This book was released on 2013-04-04 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Access to oil and natural gas, and their prices, are hugely important axes of geo-political strategy and global economic prospects and have been for a century. This book, written by a Financial Times journalist who has long covered the energy sector, provides readers with the essential information they need for understanding the shifting structure of the global oil and gas economy: where the reserves lie, who produces what, trade patterns, consumption trends, prices. The book highlights political and social issues in the global energy sector -- the domestic inequality, civil conflict and widespread poverty that dependence on oil exports inflicts on developing countries and the strategies of wealthy countries (especially the United States) to control oil-rich regions. Energy demand is on a strong upward trend. The reality of the environmental damage caused by fossil fuels cannot be doubted. What are likely to be the human consequences: changing disease vectors, unprecedented flooding, mass migration? And what is to be done both in the wealthy countries where consumerism drives increasing growth in demand and in developing countries aiming to grow their economies faster? Are alternative energy sources a panacea? Or will the much vaunted hydrogen economy still be based on oil, natural gas and coal? Here is a book that addresses what is perhaps the most pervasive and destabilizing of the issues facing humanity.

Asia’s Stock Markets from the Ground Up

Author : Herald van der Linde
Publisher : Marshall Cavendish International Asia Pte Ltd
ISBN 13 : 9815009524
Total Pages : 274 pages
Book Rating : 4.8/5 (15 download)

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Book Synopsis Asia’s Stock Markets from the Ground Up by : Herald van der Linde

Download or read book Asia’s Stock Markets from the Ground Up written by Herald van der Linde and published by Marshall Cavendish International Asia Pte Ltd. This book was released on 2021-10-15 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: A summary of how stock markets work for those looking to invest. This book is a practical guide to Asia’s stock markets for a general audience. It is for people who do not know much about financial markets but, for whatever reason, would like to learn more. They could be seasoned expatriate pilots, academics and other professionals, newcomers in the region as well as students or young men and women about to start in the finance industry. The idea is to cut through the alphabet soup of industry jargon to provide a clear understanding of how these markets work, how they differ from each other in size and depth, what unique features each stock market has and what drives all the different sectors in these markets – consumers, the internet, banks and technology. The book includes helpful history lessons and personal anecdotes drawn from the author’s 30 years in the world of Asian investments.

Another Now

Author : Yanis Varoufakis
Publisher : Melville House
ISBN 13 : 1612199569
Total Pages : 241 pages
Book Rating : 4.6/5 (121 download)

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Book Synopsis Another Now by : Yanis Varoufakis

Download or read book Another Now written by Yanis Varoufakis and published by Melville House. This book was released on 2021-09-14 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: What would a fair and equal society actually look like? The world-renowned economist and bestselling author Yanis Varoufakis presents his radical and subversive answer in a work of speculative fiction that recalls William Morris and William Gibson The year: 2035. At a funeral for Iris, a revolutionary leftist feminist, Yango is approached by Costa, Iris’s closest comrade, who urges him to carry out Iris’s last wish: plough into her secret diaries to tell their story. “But”, Costa insists “leave out anything that might help Big Tech replicate my technologies!” That night Yango delves into Iris’s diaries. In them he discovers a chronicle of how Costa’s revolutionary technologies had unveiled an actually existing, fully democratized, postcapitalist society. Suddenly he understands Costa’s obsession with the hackers trying to steal his secrets. So begins Yanis Varoufakis’s extraordinary novelistic thought-experiment, where the world-famous economist offers an invigorating and deeply moving vision of an alternative reality. Another Now tells the story of Costa, a brilliant but deeply disillusioned, computer engineer, who creates a revolutionary technology that will allow the user a “glimpse of a life beyond their dreams” but will not enslave them. But an accident during one of its trial runs unveils a cosmic wormhole where Costa meets his DNA double, who is living in a 2025 very different than the one Costa is living in. In this parallel 2025 a global hi-tech uprising, begun in the wake of the collapse of 2008, has birthed a post-capitalist world in which work, money, land, digital networks and politics have been truly democratized. Banks have been eliminated, as well as predatory, data-mining digital monopolies; the gig economy is no more; and the young are free to experiment with different careers and to study ”non-lucrative topics, from Sumerian pottery to astrophysics.” Intoxicated, Costa travels to England to tell Iris, his old comrade, and her neighbor, Eva, a recovering banker turned neoliberal economics professor, of the parallel universe he has discovered. Costa eventually leads them back to his workshop in America where Iris and Eva meet their own doubles, and confront hard truths about themselves and the daunting political challenge that "the Other Now" presents. But, as their obsession with the Other Now deepens, time begins to run out, as the wormhole begins to deteriorate and hackers begin to unleash new attacks on Costa’s technology. The trio have to make a choice: which 2025 do they want to live in? Varoufakis has been claiming for a while that we already live in postcapitalist times. That, since the 2008 crisis, capitalism has been morphing into technofeudalism. Another Now, a riveting work of speculative fiction, shows that there is a realistic, democratic alternative to the technofeudalpostcapitalist dystopia taking shape all around us. It also confronts us with the greatest question: how far are we willing to go to bring it about?

Keeping At It

Author : Paul A Volcker
Publisher : PublicAffairs
ISBN 13 : 154178829X
Total Pages : 332 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis Keeping At It by : Paul A Volcker

Download or read book Keeping At It written by Paul A Volcker and published by PublicAffairs. This book was released on 2018-10-30 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extraordinary life story of the former chairman of the Federal Reserve, whose absolute integrity provides the inspiration we need as our constitutional system and political tradition are being tested to the breaking point. As chairman of the Federal Reserve (1979-1987), Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents. Told with wit, humor, and down-to-earth erudition, the narrative of Volcker's career illuminates the changes that have taken place in American life, government, and the economy since World War II. He vibrantly illustrates the crises he managed alongside the world's leading politicians, central bankers, and financiers. Yet he first found his model for competent and ethical governance in his father, the town manager of Teaneck, NJ, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, sound finance, and good government.