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Adair Turner, Baron Turner of Ecchinswell Quotes: 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.


Adair Turner, Baron Turner of Ecchinswell
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"Adair Turner, Baron Turner of Ecchinswell Quotes." Quoteslyfe.com, 2024. Fri. 22 Nov. 2024. <https://www.quoteslyfe.com/quote/Rising-inequality-can-create-a-more-highly-335784>.





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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



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.



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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Now I think poetry will save nothing from oblivion, but I keep writing about the ordinary because for me it's the home of the extraordinary, the only home.



Those who beat their swords into plowshares usually end up plowing for those who kept their swords.

Those who beat their swords into plowshares usually end up plowing for those who kept their swords.



Money was invented so we could know exactly how much we owe.

Money was invented so we could know exactly how much we owe.



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Let him think is I am more man than I am and I will be so.



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You know, I guess I just don't like to talk a lot about sad things. Now you know my flaw. What good does it do to talk about sad things in the past?



If someone hits me I consider it a challenge.

If someone hits me I consider it a challenge.



Sometimes your personal life is much more significant. Sometimes your work life is more significant. Friends and family, or sometimes the general population, take precedence.

Sometimes your personal life is much more significant. Sometimes your work life is more significant. Friends and family, or sometimes the general population, take precedence.



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A sight of the label is worth 50 years experience.



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Quote Description


This page presents the quote "Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.". Author of this quote is Adair Turner, Baron Turner of Ecchinswell. This quote is about rising, crash, inequality, vulnerable, economy,.