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Consequence Quotes

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Consequence Quotes

“Every intervention of man in the environment around him incurs some risk as to both favorable and unfavorable consequences. Every intervention is taken in the face of partial ignorance as to what its effects will be and involves uncertainty as to the ultimate outcome.”

“The U.S. and, to a certain extent, countries in Europe as well, have experienced growing inequality within their population for decades - a small group of people own the lion's share of the wealth. Populists take advantage of this, and their policies are extremely hard to predict. And this has serious consequences. Companies shy away from risk, postponing their investment decisions in times of uncertainty, the stock markets get nervous and unemployment threatens to increase.”

“It is very natural for young men to be vehement, acrimonious and severe. For as they seldom comprehend at once all the consequences of a position, or perceive the difficulties by which cooler and more experienced reasoners are restrained from confidence, they form their conclusions with great precipitance. Seeing nothing that can darken or embarrass the question, they expect to find their own opinion universally prevalent, and are inclined to impute uncertainty and hesitation to want of honesty, rather than of knowledge.”