Quotes of: Financial-crises Keyword

Financial crises are an unfortunate but necessary consequence of modern capitalism.

Andrew Lo

Fiscal crises often turn into financial crises, dealing a blow to the real economy.

Lee Myung-bak

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

Timothy Geithner

Financial crises are like fireworks: they illuminate the sky even as they go pop.

James Buchan

Money is a public good; as such, it lends itself to private exploitation.

Manias, Panics, and Crashes: A History of Financial Crises

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of tho...

Lawrence Summers

Regular crises perpetuate the past by reinvigorating cycles which started long ago. In contrast, (capital-C) Crises are the past's death knell. They function like laboratories in which the future is incubated. They have given us agriculture and the i...

The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

John Buchanan Robinson

Compared to developed countries, or even to some major emerging countries, burdened by aging populations, financial crises, widening budget deficits, faltering faith in politics and growing social demands, Africa has become the world's last 'New Fron...

Mo Ibrahim

Since the 1970S, financial innova­tions such as the securitisation of mortgage debt and the spreading of investment risks through the creation of derivative markets, all tacitly (and now, as we see, actually) backed by state power, have permitted a ...

The Enigma of Capital and the Crises of Capitalism

If you thought financial crises came and went, just count on them - another economic collapse, it's almost going to be like not news any more. But for startups this is great, because it's a perpetual driver of disruption.

Steve Jurvetson

From the beginning of time, we've had financial crises. People always blame the banks and for good reason. When you look for the root causes, they're almost always failed government policies.

Henry Paulson

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

Timothy Geithner

Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.

Anna Lindh

Had history been democratic in its ways, there would have been no farming and no industrial revolution. Both leaps into the future were occasioned by unbearably painful crises that made most people wish they could recoil into the past.

The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy

Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.

Jeremy Grantham

The purpose of this pamphlet is to explain how local currencies work. Alone they cannot solve all the multiple financial, social and environmental crises we face, but they are an increasingly important part of the answer.

Local Money: What Difference Does It Make?

In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clea...

Manias, Panics, and Crashes: A History of Financial Crises

Barriers to accumulation are perpetually dissolving and re-forming around the issue of so-called natural scarcities and on occasion, as Marx might put it, these barriers can be transformed into absolute contradictions and crises.

The Enigma of Capital and the Crises of Capitalism

Ninety-nine per cent of traditional English literature concerns people who never have to worry about money at all. We always seem to be watching or reading about emotional crises among folk who live in a world of great fortune both in matters of luck...

James Kelman

The future is going to require really smart people. What we think are crises today probably will be no big deal, and we have no idea what will really be crises in the future.

Dean Kamen