James Grant
James Grant
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Full Name and Common Aliases
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James Grant was a Scottish journalist, author, and television presenter who is widely recognized for his insightful commentary on economics and finance.
Birth and Death Dates
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Born: March 27, 1929
Died: February 21, 2013
Nationality and Profession(s)
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Grant was a British citizen by birth and worked as a journalist, author, and television presenter throughout his career. He is best known for his work in the field of economics and finance.
Early Life and Background
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James Grant was born on March 27, 1929, in Scotland. His early life and education are not well-documented, but it is known that he developed an interest in economics at a young age. Grant began his career as a journalist in the 1950s, working for various newspapers and magazines.
Major Accomplishments
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Grant's most notable achievement was his work as the editor of _Grants Interest Rate Observer_, a financial newsletter that he founded in 1983. The newsletter was known for its contrarian views on economics and finance, and it gained a large following among investors and policymakers alike. Grant also worked as a television presenter, hosting several documentaries and news programs on economics and finance.
Notable Works or Actions
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Grant authored several books on economics and finance, including _The Trouble with Prosperity_ and _Winning the Next War_. He was also a vocal critic of government policies, particularly those related to monetary policy and taxation. Grant's most notable action was his opposition to the 1987 stock market crash, which he predicted would occur due to excessive speculation and overvaluation.
Impact and Legacy
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Grant's impact on the world of economics and finance cannot be overstated. His contrarian views and predictions were widely followed by investors and policymakers alike, and he is often credited with predicting several major economic events, including the 1987 stock market crash. Grant's legacy extends beyond his work as a journalist and author; he also played a significant role in shaping the way people think about economics and finance.
Why They Are Widely Quoted or Remembered
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Grant's quotes and writings are widely quoted due to their insight and accuracy. His ability to predict major economic events and his contrarian views on economics and finance made him a respected voice in the field. Grant's legacy continues to be felt today, with many economists and financial commentators citing him as an influence.
In conclusion, James Grant was a remarkable individual who left a lasting impact on the world of economics and finance. His contrarian views, predictions, and writings continue to be widely quoted and studied today, making him one of the most notable figures in the field.
Quotes by James Grant
I have unlimited faith in the American people taking care of themselves – if they are told what to do and why.
Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying ‘yes’ too frequently.
It’s about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn’t it?
The essential Greenspan legacy . . . is the idea that the Fed will allow nothing to go really wrong.
Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.
![[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.](/_vercel/image?url=https:%2F%2Flakl0ama8n6qbptj.public.blob.vercel-storage.com%2Fquotes%2Fquote-1522884.png&w=1536&q=100)
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.