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When I decided that I wanted to go to college, I wanted to be a school teacher for 7th and 8th grade boys because I felt that was an important time for them. I had gone astray at that point in my life and really wanted to help keep them from making the same mistake I had made.

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Adair Turner, Baron Turner of Ecchinswell

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

Doubt, Fossils, Fuel, Fuels, Global, Probability
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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.

Business, Force, Greed, Moving, Overpaid, Powerful

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

Absolute, Energy, Flights, Numbers, People, Terms

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

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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