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Quote by Adair Turner, Baron Turner of Ecchinswell

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Adair Turner, Baron Turner of Ecchinswell
Adair Turner, Baron Turner of Ecchinswell

Adair Turner, Baron Turner of Ecchinswell, is a British author. Born on October 5, 1955, he is known for his works in the fields of economics and public affairs. more

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“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.”