"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 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."

--

Source : Source: www.huffingtonpost.com

Adair Turner, Baron Turner of Ecchinswell

#Real Quotes #Land Quotes #Shadow Quotes

“I find that the more willing I am to be grateful for the small things in life, the bigger stuff just seems to show up from unexpected sources, and I am constantly looking forward to each day with all the surprises that keep coming my way!”
“He wants his home and security, he wants to live like a sailor at sea.”
“Justice is not a flexible tool. Unless we all do our part to ensure that justice is applied equally to all human beings, we are a party to its abuse. We must stand together to protect the rights of others.”
“A quarter-horse jockey learns to think of a twenty-second race as if it were occurring across twenty minutes--in distinct parts, spaced in his consciousness. Each nuance of the ride comes to him as he builds his race. If you can do the opposite with deep time, living in it and thinking in it until the large numbers settle into place, you can sense how swiftly the initial earth packed itself together, how swiftly continents have assembled and come apart, how far and rapidly continents travel, how quickly mountains rise and how quickly they disintegrate and disappear.”
“Your job is to get your audience to care about your obsessions.”
“I love you because you're a child and you're scared.' You're going to hurt me in the end. You're quite mad.”
“I have been influenced by the greatest artists in jazz, pop, reggae, traditional, ballards, pop, and all types of music, taking the best from each to represent my own personality. Whitney Houston, George Michaels, Sade, Phil Collins, and many others have influenced me.”
“For many Americans, Osama bin Laden is the paradigmatic Muslim, an absurd conviction for anyone who has lived with Muslims.”

Source : "Did 9/11 Make Us Morally ‘Better’" by Miroslav Volf, www.huffingtonpost.com. September 7, 2011.

You may also like:

Alistair Darling
British Politician
Digby Jones, Baron Jones of Birmingham
British Politician
John Banham
Lawrence Summers
Former Undersecretary for International Affairs
Lionel Robbins, Baron Robbins
Economist
Martin Wolf
Journalist
Mervyn King
Banking executive
Paul Krugman
Economist
Robert Peston
Journalist