If your credit is going to grow at 10-15 percent per year in order to get your 5 … - Adair Turner, Baron Turner of Ecchinswell

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In 35 yrs of leading I've been afraid at every major step but I DID IT ANYWAY since I REFUSE let fear run my life.

Adair Turner, Baron Turner of Ecchinswell

If your credit is going to grow at 10-15 percent per year in order to get your 5 percent GDP growth per year, eventually you're going to have a problem. This isn't a stable system.

Gdp, Growth, Order, Per, Stable, Years

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We need to move beyond the demonisation of overpaid traders. . . In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.

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The probability that we face global warming caused by fossil fuels is now so overwhelming that it is legitimate to doubt the motives of those who deny it

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In absolute terms, we may have to look at restricting the number of flights people take.

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Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infinite quantities if we don't constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply.

Fact, Instability, Land, Real, Shadow

The richer people, when they get another $100,000, or another million, or 10 million, don't tend to spend it as much as the poorer people would if they got another $100 or $1,000 or $5,000. All the empirical evidence suggests that the rich tend to consume a lower proportion of income than middle and lower-income people.

Income, Lower, People, Rich, Spend

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Although I love all the great foods of the world, my death row meal would have to be cooked for me by my mother and grandmother (they live together and this happens on most Sundays). More than satisfy our hunger, these dinners nurture the soul.

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In reality, you cannot withstand for five years and more against all those countries, the West, and the Gulf states, the petrodollars, and all this propaganda, the strongest media corporations around the world, if you don't have the support of your own people. That's against the reality.

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In 35 yrs of leading I've been afraid at every major step but I DID IT ANYWAY since I REFUSE let fear run my life.

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