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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That is the way of youth and life in general: that we do not understand the strategy until after the campaign is over.
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Historically, in India, the strange fact was that the equity owner was not taking as much hit as the lender. Therefore, if we restore the first principle of economics, that first the equity owner needs to take the hit and then the lender, we will get a good solution.
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I was going to get a degree in economics and be a teacher. But I couldn't afford to pay for the education. So I just got the MBA and not the doctorate. I loved it at Bain, and I've been there ever since.
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It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.
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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.
