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Turns Quotes

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Turns Quotes

“There is a need for financial reform along ethical lines that would produce in its turn an economic reform to benefit everyone. This would nevertheless require a courageous change of attitude on the part of political leaders.”

Needs Political Turns Lines Attitude Leader Economic Produce Benefits Financial Reform Courageous Ethical Nevertheless Political Leaders Economic Reforms

Book:Care for Creation: A Call for Ecological Conversion

Source: Care for Creation: A Call for Ecological Conversion

“The free enterprise concept inherent in the economic model of capitalism should mean common people, or lower and middle class wage-earners, have greater potential to rise up and gain financial independence. In reality, however, free enterprise all too often leads to an almost total lack of government regulation that in turn allows the global elite to run amuck in Gordon Gecko-style financial coups.”

“Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.”

Bigs Political Turns Opportunity Economic Missing Events Depends Errors Surprise Financial Ashamed Clients Say Anything Cumulative Outlandish Big Surprises

Book:The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility

Source: The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals