在高耸于旧金山的一幢高楼的书房内,米尔顿·弗里德曼正在急切地通过电脑网络监视股市动态。他就像你一样感到困惑。 美国企业研究所的詹姆斯·格拉斯曼(James Glassman)和凯文·哈西特(Kevin Hassett)说,道一琼斯指数位于1万点实在是太便宜了,因为股票的风险报酬——你从持有股票而不是债券中获得的额外回报——将会消失。这是因为市场终于认识到,在一个长时期里,股票的风险实际上并不比债券更大。这话听起来使人回想起耶鲁大学教授欧文·费希尔 Milton Friedman is eagerly monitoring the stock market via a computer network in a tall building towering over San Francisco. He is just as confused as you. James Glassman and Kevin Hassett at the Institute of Enterprise Research said it is too cheap to have the Dow Jones index at 10,000 because the stock’s return on risk - The additional reward of holding stocks instead of bonds - will disappear. This is because the market has finally realized that in a long period of time, the risk of the stock is actually not greater than the bond. It sounds reminiscent of Irving Fisher, a Yale professor