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Adair Turner, Baron Turner of Ecchinswell Quotes: In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.
         

In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.


Adair Turner, Baron Turner of Ecchinswell
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"Adair Turner, Baron Turner of Ecchinswell Quotes." Quoteslyfe.com, 2024. Mon. 25 Nov. 2024. <https://www.quoteslyfe.com/quote/In-economics-when-you-put-together-a-335783>.





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Other quotes of Adair Turner, Baron Turner of Ecchinswell


If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.

If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.



We need to move beyond the demonisation of overpaid traders ... In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.

We need to move beyond the demonisation of overpaid traders ... In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.



The probability that we face global warming caused by fossil fuels is now so overwhelming that it is legitimate to doubt the motives of those who deny it

The probability that we face global warming caused by fossil fuels is now so overwhelming that it is legitimate to doubt the motives of those who deny it



Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.

Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.



In absolute terms, we may have to look at restricting the number of flights people take.

In absolute terms, we may have to look at restricting the number of flights people take.





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Chances are no matter how bad your troubles seem to be, someone somewhere, with less resilience, has successfully conquered a more severe version of your problems.

Chances are no matter how bad your troubles seem to be, someone somewhere, with less resilience, has successfully conquered a more severe version of your problems.



One of the most important jobs of the youth is to make the elderly happy.

One of the most important jobs of the youth is to make the elderly happy.



But I am tired of everyone being gone, and I am tired of everything that has tired me out for the last five years of my life.

But I am tired of everyone being gone, and I am tired of everything that has tired me out for the last five years of my life.



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Everyone wants to see a falling star and make all their wishes come true. My wish is to see only you, because you are the only star in my life.



Since I'm the president and Democrats have controlled the House and the Senate, it's understandable that people are saying, you know, 'What have you done?'

Since I'm the president and Democrats have controlled the House and the Senate, it's understandable that people are saying, you know, 'What have you done?'



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I am a cross between Carl Perkins and Led Zeppelin.

I am a cross between Carl Perkins and Led Zeppelin.



I was like, "If I don't change my mind, if I don't change my heart, if I don't develop some skill, I'm always going to be sleeping in my car."

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In most of the world, breakfast is an important meal.

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Quote Description


This page presents the quote "In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.". Author of this quote is Adair Turner, Baron Turner of Ecchinswell. This quote is about turbulence, extraordinary, together, economics, volatility, unstable,.