Adair Turner Quotes

#1. In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatility, and for unstable prices.

Adair Turner

#2. The capitalist system is not delivering those decade-after-decade increases it promised. We're not where we should be in terms of our national economies. We don't know how to get out of this malaise and I think we now have to consider more radical policies.

Adair Turner

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

Adair Turner

#4. 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.

Adair Turner

#5. 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

Adair Turner

#6. 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.

Adair Turner

#7. Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.

Adair Turner