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Institutions Quotes

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Institutions Quotes

“In England, we have a curious institution called the Church of England. Its strength has always been in the fact that on any moral or political issue it can produce such a wide divergence of opinion that nobody -- from the Pope to Mao Tse-tung -- can say with any confidence that he is not an Anglican. Its weaknesses are that nobody pays much attention to it and very few people attend its functions.”

PeopleFactsPoliticalChurchPayAttentionMoralOpinionIssuesProduceWeaknessFunctionEnglandInstitutionsWideCuriousPopeMaoPolitical IssuesChurch Of EnglandDivergence
Author:Auberon Waugh
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“The principle of my political life ... is that all amelioration and improvements in political institutions can be obtained by persevering in a perfectly peaceable and legal course, and cannot be obtained by forcible means, or if they could be got by forcible means, such means create more evils than they cure, and leave the country worse than they found it.”

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Author:Daniel O'Connell
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“Republican patience with how unionism deals with the political institutions, and with key issues like equality and human rights, will be tested because, obviously, there will be a battle a day on these matters. So lets face up to all of this with our eyes wide open.”

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Book:An Irish Eye
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“Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution”

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Author:Jeremy C. Stein
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“Unlike national markets, which tend to be supported by domestic regulatory and political institutions, global markets are only 'weakly embedded'. There is no global lender of last resort, no global safety net, and of course, no global democracy. In other words, global markets suffer from weak governance, and are therefore prone to instability, inefficiency, and weak popular legitimacy.”

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Book:The Globalization Paradox: Why Global Markets, States, and Democracy Can't Coexist
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