Quote from: Fear Topic

If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.


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Author Bio


  • NameNouriel Roubini
  • DescriptionAmerican economist
  • BornMarch 29, 1958
  • CountryUnited States Of America
  • ProfessionEconomist; Art Collector