Adair Turner Quotes

Adair Turner Quotes: 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.
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Adair Turner Quote: 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.
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Quotes about Adair Turner: 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.
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