“I did learn from many mistakes. First and foremost, I learned that it is important to create a wide base of support within the LDP. In forming the cabinet this time, I included almost all the members of the LDP whom I ran against during the party election for president. Also, as a result of the lessons I learned, this time my policy priorities have become very clear. This would include first and foremost restoring a robust economy. I believe this has resulted in the strong support that I am getting from the people.” PeopleFirstsBelieveImportantStrongI BelievePresidentResultsPartyMistakeSupportEconomyClearPolicyLessonsMembersElectionWidePrioritiesRanCabinetsRobustRestoring Author:Shinzo Abe
“Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.” TryingBigsLastsResultsMistakeEconomyToo MuchHigherLowsEconomicsThreatInvestingRisingInflationBankersPrintingRoller CoasterCoastersBig MistakeHighs And LowsContractions Author:Milton Friedman
“A file-sharing service and a hedge fund are essentially the same things. In both cases, there's this idea that whoever has the biggest computer can analyze everyone else to their advantage and concentrate wealth and power. It's shrinking the overall economy. I think it's the mistake of our age.” ThinkingIdeasAgeWealthMistakeCasesEconomyComputerAdvantageFundFilesShrinkingHedge FundFile Sharing Author:Jaron Lanier
“Liberalism makes this mistake in regard to private property and Marxism makes it in regard to socialized property... The Marxist illusion is partly derived from a romantic conception of human nature... It assumes that the socialization of property will eliminate human egotism... The development of a managerial class in Russia, combing economic with political power, is an historic refutation of the Marxist theory.” HumansWisdomPoliticalPoliticsMistakeClassEconomyEconomicHuman NatureTheoryDevelopmentIllusionRegardAssumingPropertyRussiaLiberalismConceptionHistoricMarxismEgotismPrivate PropertyPolitical PowerMarxistSocializationRefutationMarxist Theory Author:Reinhold Niebuhr
“The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.” RunningIndividualForceMistakeCompanyEconomySuccessfulRecordsFailingMajorsLowsAppreciateFocusedDrivingFinanceFirmLengthSuccess And FailureSystematicUnsuccessfulCounterpartsMarket Economy Author:Robert Haugen
“On Earth Day I made a commitment to reduce our emissions of greenhouse gases to 1990 levels by the year 2000. And I asked for a blueprint on how to achieve this goal. In concert with all other nations, we simply must halt global warming. It is a threat to our health, to our ecology, and to our economy. I know that the precise magnitude and patterns of climate change cannot be fully predicted. But global warming clearly is a growing, long-term threat with profound consequences. And make no mistake about it, it will take decades to reverse.” KnowsYearsLongMadeEarthNationsGoalTermLevelsMistakeEconomyGrowingAchieveCommitmentConsequenceThreatProfoundClimateClimate ChangePatternsDecadesLong TermGlobal WarmingConcertsReverseEcologyPreciseEmissionsHaltMagnitudeEarth DayBlueprintsGreenhousesGreenhouse Gases Author:William J. Clinton
“JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We support an oversight committee, we supported some of the compensation, new compensation rules, though we already follow most of them. We support a lot of it.” ProblemMistakeSupportEconomyHigherToughCommitteesCompensationOversightLiquidity Author:Jamie Dimon
“Our failure to properly deal with Germany and Japan early cost the world dearly later on. We dare not make the same mistake with China.” WorldDealsMistakeEconomyCostDareChinaGermanyJapanSame Mistakes Author:Steve Forbes