Adair Turner, Baron Turner of Ecchinswell Quotes
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.
Quotes to Explore
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I've always loved writing, and the impulse for me is storytelling. I don't sit down and think: 'What political message can I sell?' I love the creativity of it.
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Public humiliation comes to us all, and never so surely as when we're just a little bit pleased with ourselves and feel, just for once, that everything is going our way.
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A great song should make you stop everything that you're doing. You should be so into it that you just can't imagine doing anything else for that moment. You wouldn't even dream of picking up the phone.
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The awkward thing for me is when the realization happens that I actually might like this girl. Then I become awkward.
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As long as I'm not selling out the people that ride or die with me, I'm glad I'm not an MC. I'm a motivational speaker. I'm not that rapper dude.
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You've got to separate the singer and the songs.
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Affirmative action is a little like the professional football draft. The NFL awards its No. 1 draft choices to the lowest-ranked team in the league. It doesn't do this out of compassion or guilt. It's done for mutual survival. They understand that a league can only be as strong as its weakest team.
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I like game shows.
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I don't like doing most things unless I can do them quite well.
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Genre fiction was looked at as a ghetto, but I wonder now if realist fiction, sealing itself off in the glum suburbs of a dysfunctional society, denying the use of imagination, was the ghetto.
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Punctuality is the thief of time.
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I've finally learnt how to say, 'No comment'. To appear in the tabloids is a real learning curve and a steep one at that. You had better learn quick or you get burnt.
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Concerning iTunes, the deals have mainly been done with the record companies. But the artists, with some exceptions, haven't been very well-represented. This is partly because the record companies have largely been copyright owners.
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The only time I went out was to go to bars at night and all the pictures were taken with a flash because there was no light at all. However now I'm very interested in light.
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My soul is now her day, my day her night, So I lie down, and so I rise.
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Once again you've put your keen and penetrating mind to the task and as usual come to the wrong conclusion!
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The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was joined by models that featured asymmetric information, the case in which information differed across individual agents.
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Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
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I think it's generally a bad idea for the Fed to be the arbiter of asset prices. The Fed doesn't really have any better information than other people in the market about what the correct value of asset prices is.
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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.
