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

JONATHAN ADAIR TURNER

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

Jonathan Adair Turner

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

JONATHAN ADAIR TURNER

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.
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This isn’t a stable system.

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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.

JONATHAN ADAIR TURNER

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

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We don’t know how to get out of this malaise and I think we now have to consider more radical policies.
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In absolute terms, we may have to look at restricting the number of flights people take.
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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.

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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.
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In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.
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All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.

JONATHAN ADAIR TURNER

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

Another Empirical Get Million Richer

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

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