Quotessence
Home / Quotes / Quote by Andrew Ross Sorkin

Quote by Andrew Ross Sorkin

Work

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves

Browse quotes and source details for this work. more

Author

Andrew Ross Sorkin
Andrew Ross Sorkin

Andrew Ross Sorkin is an American journalist renowned for his contributions to financial news reporting. Born on February 19, 1977, he graduated from Columbia University and has served as an editor and journalist at several prominent media organizations. more

You May Also Like

“These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. Wait—Texas? Wasn't Texas supposed to be thriving even as the rest of America suffered? Didn't its governor declare, during his re-election campaign, that 'we have billions in surplus'? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years. And that reality has implications for the nation as a whole. For Texas is where the modern conservative theory of budgeting—the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending—has been implemented most completely. If the theory can't make it there, it can't make it anywhere.”

PoliticsUnited StatesNew YorkTaxesEconomicsBudgetsCaliforniaTexasNew JerseyBalanced BudgetDeficit Spending20102011United States Elections 2010Financial Crisis Of 2007 2011Economy Of The United StatesRick PerryEconomy Of CaliforniaEconomy Of New JerseyEconomy Of New YorkEconomy Of TexasGovernor Of TexasState Governments Of The UsTexas Elections 2010
Author:Paul Krugman
Create image

“Our current monetary system is the reason why our planet is swimming in cheap, low-quality products, because businesses want to spend the least amount of money to create a product, which makes it low-quality, and businesses also make products that don’t last on purpose so they can make more money when the customer has to buy the same product again, and sometimes rebought an absurd amount of times. If money was taken out of the equation, only the people whose passion to make certain products would be making them, and they’d be the people who’d make the best products since it would be done out of passion instead of the want for money.”

Passionate LivingBig BusinessMonetary SystemBeasts Of SuccessMoney ProblemBroken SystemControlled PlanetControlled SystemGet Rid Of MoneyPassion Instead Of Jobs
Book:The Beasts of Success
Create image

“As investor Michael Batnick says, "some lessons have to be experienced before they can be understood." We are all victims, in different ways, to that truth.”

The Psychology Of Money
Book:The Psychology of Money By Morgan Housel, You Are a Badass at Making Money By Jen Sincero, Money: Know More, Make More, Give More By Rob Moore 3 Books Collection Set
Create image

“Getting money requires taking risks, being optimistic, and putting yourself out there. But keeping money require the opposite of taking risk. It requires humility, and fear that what you've made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you've made is attributable to luck, so past success can't be relied upon to repeat indefinitely.”

The Psychology Of Money
Book:The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
Create image