Jonathan Adair Turner Quotes

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

Constrain Created Primarily Purchase Real
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
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

Economy Effecetd Malaise Policies Radical
Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.
JONATHAN ADAIR TURNER

Crash Economy Highly Inequality Leveraged Rising Vulnerable
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

Economic Inelastic Together Turbulence
This isn’t a stable system.
JONATHAN ADAIR TURNER

Capitalist Economic Stable Syste
We’re not where we should be in terms of our national economies.
JONATHAN ADAIR TURNER

Economic National Term
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

Credit GDP Order Percent Year
In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.
JONATHAN ADAIR TURNER

Demonisation Designed Economic Error Moving Finance Greed Overpaid Trader
In absolute terms, we may have to look at restricting the number of flights people take.
JONATHAN ADAIR TURNER

Numbers

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