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Quote by Evan Davis

“Interest rate cuts have an effect in stimulating an economy by directly or indirectly making someone, somewhere, spend more than they otherwise would. That extra spending increases demand and ensures that we all carry on with work to do, without us having to slash our prices or our wrists.”

Quote by Evan Davis

Author

Evan Davis is a distinguished economist recognized for his expertise in finance and economics, particularly within the context of the global economy. Born on April 8, 1962, he has made notable contributions to the understanding of the global economy and has been a prominent figure in the financial industry. more

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“Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.”

Humans Moments Psychology Economics Hot Topics Irrationality Cusp Hot Topic

Author:Evan Davis

“It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.”

Wonder Too Much Effects Relation Scales Operations Profitable Effectiveness Reducing Borrowing Tempting Lending Cushions

Author:Evan Davis

“Most people hugely underestimate the amount of 'empty space' we have in our country. Fly over the U.K., and you see that human settlement does not fill up the U.K. at all. It accounts for something of the order of 15 per cent of the landmass.”

People Humans Doe Country Order Space Amount Empty Accounts Our Country Cents Underestimate Settlement Empty Space

Author:Evan Davis

“My instinct is to assume that we consumers are an inconsistent bunch. We like competition if it delivers low prices, but grumble if it delivers the bad news that prices need to go up.”

Ifs Needs News Lows Competition Assuming Instinct Bunch Consumers Bad News Inconsistent

Author:Evan Davis

“Once we are fed, heated, housed and healthy, our extra consumption inevitably has an element of luxury about it. And once luxury enters the scene, the practicalities are in trouble, as women who wear expensive stiletto heels can testify.”

Trouble Healthy Scene Elements Luxury Extras Expensive Feds Heels Consumption Practicality Stilettos Stiletto Heels

Author:Evan Davis

“Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption.”

People Thinking May Long Would Be Term Practice Economics Assuming Rational Long Term Assumption Behaviour Unwise Deviate Approximation

Author:Evan Davis

“Some people harbour an awkward clash of feelings - homosexual attraction on the one hand and shame or embarrassment about that attraction on the other. It is well known that the mind struggles to sustain conflicting views.”

People Mind Wells Feelings Hands Views Known Struggle Shame Attraction Awkward Homosexual Well Known Embarrassment Clash Harbour

Author:Evan Davis

“We Brits print banknotes out in Debden in Essex, and have contracted it out to the private sector. Here in the U.S. it is a government operation right in the heart of Washington next door to the Holocaust Museum.”

Heart Government Next Doors Operations Print Museums Holocaust Private Sector Brits Essex

Author:Evan Davis

“We escaped the last big bursting of a bubble - the dotcom bubble - with a relatively light U.S. recession. On that occasion, the world economy found its way back on track fairly quickly.”

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Author:Evan Davis

“Men are gentle, honest and straightforward. Women are convoluted, deceptive and dangerous.”

Men Honest Dangerous Gentle Straightforward Deceptive Convoluted Being Straightforward

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