Quotessence
Home / Quotes / Quote by Alan M. Taylor

Quote by Alan M. Taylor

“We have never in human history seen a run-up in credit of the kind we have just witnessed in advanced economies since 1970, and we have never observed modern finance-capitalist systems operating over a sustained period at this kind of credit-to-GDP leverage ratio.”

Quote by Alan M. Taylor

Author

Alan M. Taylor

Alan M. Taylor, born on November 15, 1964, is of an unknown profession category. Detailed information about his life and career is limited. more

You May Also Like

“A possibility is that we see more and more leverage, and credit-to-GDP ratios rise once more to even higher levels; eventually the banking systems of all advanced economies reach magnitudes of 500 percent, 1000 percent or more of GDP, so that every economy starts to have financial systems that resemble recent cases like Switzerland, Ireland, Iceland, or Cyprus. That might be a very fragile world to live in.”

“To take on the question of race in America and believe that you could transform this country so that it would actually be a place that was welcoming for everyone that was here, including dealing with the history of slavery and the kind of oppression this country is based on, that's an amazing moment to begin to find your own political ideals.”

“In a different moment, in the 60s and 70s, I did believe we were going to succeed - that we were going to create a revolution, that America was going to be a completely transformed nation state and that there would be an amazingly different set of beliefs; that this country would reflect. And I thought that that was the fulfillment of the American democratic dream and I believed in it passionately.”