“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.”

If we don’t constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply.

All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.

We don’t know how to get out of this malaise and I think we now have to consider more radical policies.

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

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.

This isn’t a stable system.

We’re not where we should be in terms of our national economies.

In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.

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

The richer people, when they get another $100,000, or another million, or 10 million, don’t tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000.

The capitalist system is not delivering those decade-after-decade increases it promised.

Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infinite quantities

We need to move beyond the demonisation of overpaid traders

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 economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.

Credit-default swaps, I think, have serious problems associated with them.

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

I think we should give them all the credit in the world. They want to know the truth.

Schweitzer in the Congo did not derive more moral credit than Larkin did for living in Hull.

Minnesotans lost their jobs because the credit rating agencies didn’t do the only job they’re supposed to have.

I think, to its credit, this is one of the last forms of popular entertainment that I don’t sense to be discriminatory in any way.

We all love people who give credit to others for their success.