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
We’re not where we should be in terms of our national economies.
More Jonathan Adair Turner Quotes
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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 -
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.
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.
JONATHAN ADAIR TURNER -
We don’t know how to get out of this malaise and I think we now have to consider more radical policies.
JONATHAN ADAIR TURNER -
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This isn’t a stable system.
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 -
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We’re not where we should be in terms of our national economies.
JONATHAN ADAIR TURNER -
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