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Adair Turner, Baron Turner of Ecchinswell Quotes: 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.


Adair Turner, Baron Turner of Ecchinswell
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"Adair Turner, Baron Turner of Ecchinswell Quotes." Quoteslyfe.com, 2024. Mon. 06 May. 2024. <https://www.quoteslyfe.com/quote/If-your-credit-is-going-to-grow-335780>.





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Other quotes of Adair Turner, Baron Turner of Ecchinswell


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.



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.



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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All across the Middle East in the streets, people are demanding democracy. It's amazing. The only way in America you get people to get worked up like that is to threaten to give them health care.

All across the Middle East in the streets, people are demanding democracy. It's amazing. The only way in America you get people to get worked up like that is to threaten to give them health care.



When they write about real stuff like my custody battle, that's no fun. Some things have leaked out about accusations that have gone back and forth and that's just mean. It's a tactic.

When they write about real stuff like my custody battle, that's no fun. Some things have leaked out about accusations that have gone back and forth and that's just mean. It's a tactic.



Yeah I want it all, that's why I strive for it

Yeah I want it all, that's why I strive for it



Stop looking for permission to pursue your dreams! They are YOUR dreams and you don't need a co-signer to chase them!

Stop looking for permission to pursue your dreams! They are YOUR dreams and you don't need a co-signer to chase them!



The discovery of truth, by slow progressive meditation, is wisdom. - Intuition of truth, not preceded by perceptible meditation, is genius.

The discovery of truth, by slow progressive meditation, is wisdom. - Intuition of truth, not preceded by perceptible meditation, is genius.



I don't think that boxing historians have been able to find a case in which a great fighter, or a fighter presumed to be a great fighter, came to such an ignominious end.

I don't think that boxing historians have been able to find a case in which a great fighter, or a fighter presumed to be a great fighter, came to such an ignominious end.



I can no more preach nonviolence to a cowardly man than I can tempt a blind man to enjoy healthy scenes.

I can no more preach nonviolence to a cowardly man than I can tempt a blind man to enjoy healthy scenes.



Without dreams and phantoms man cannot exist.

Without dreams and phantoms man cannot exist.



The scene that made me furious was watching Padme, a woman who just gave birth to two beautiful children, just giving up the will to live.

The scene that made me furious was watching Padme, a woman who just gave birth to two beautiful children, just giving up the will to live.



Now it is human nature to want to eat to ones fill when hungry, to want to warm up when cold, to want to rest when tired. These all are a part of people's emotional nature.

Now it is human nature to want to eat to ones fill when hungry, to want to warm up when cold, to want to rest when tired. These all are a part of people's emotional nature.




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This page presents the quote "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.". Author of this quote is Adair Turner, Baron Turner of Ecchinswell. This quote is about order, percent, stable, problem, gdp, credit, growth, years,.