“The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.” IfsWorldRealEnoughUnderstandingInterestEconomyWorstEssentialsLowsEconomicsRateFinancialZeroMessed UpInterest RateWorld EconomyFinancial System Author:Paul Krugman
“We must see that it is foolish, sinful and suicidal to destroy the health of nature for the sake of an economy that is really not an economy at all but merely a financial system, one that is unnatural, undemocratic, sacrilegious, and ephemeral.” EconomySakeFinancialFoolishSuicidalUnnaturalEphemeralFinancial SystemSacrilegious Book:The Art of the Commonplace: The Agrarian Essays of Wendell Berry Source: The Art of the Commonplace: The Agrarian Essays of Wendell Berry
“Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.” WellsGrowthEconomyFinancialCongressMissionsCriticalEmploymentPreservesStabilityEfficientStableMaximumOutputFinancial SystemPrice Stability Author:Ben Bernanke
“When Hillary Clinton talks about adding more restrictions and complexity to our financial system, as she did in her economic policy speech, it shows how clueless she is about how the economy actually works.” ShowsEconomyEconomicPolicySpeechClintonFinancialComplexityRestrictionEconomic PolicyCluelessFinancial System Author:Carly Fiorina
“The recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. “QE Infinity” has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying.” LooksHappensWould BeFeltEconomyKnowingEnvironmentConditionsDangerousWalkingInvestingFinancialDetermineAbsenceLandscapeBuyingFedsInfinityNot KnowingTradingFinancial System Author:Paul Singer
“We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.” MayEconomyFinancialInternationalEvolveBellsPrudencePerilFormidableFinancial System Author:Alan Greenspan