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We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
The language 'It's too late' is very unsuitable for most environmental issues. It's too late for the dodo and for people who've starved to death already, but it's not too late to prevent an even bigger crisis. The sooner we act on the environment, the better.
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
Andrew Ross Sorkin
Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0 percent balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.
I learned long ago on the battlefields of Vietnam that in a crisis, there is no substitute for clear-eyed leadership.
Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
Andrew Ross Sorkin
The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.
The 1957 crisis in Little Rock, brought about by the desegregation of Little Rock Central High School, was a huge part of the march toward freedom and opportunity in America.
The laws of the marketplace are physical laws, and they don't become suspended in a crisis any more than the law of gravity does.
P. J. O'Rourke
At every crisis in one's life, it is absolute salvation to have some sympathetic friend to whom you can think aloud without restraint or misgiving.
One of the most interesting reactions to come out of 1968 was in the first publication of the Trilateral Commission, which believed there was a 'crisis of democracy' from too much participation of the masses.
What happened in the missile crisis in October 1962 has been prettified to make it look as if acts of courage and thoughtfulness abounded. The truth is that the whole episode was almost insane.
History reminds us that dictators and despots arise during times of severe economic crisis.
Barack Obama's administration responded to the Haitian crisis within 24 hours. Here comes the soldiers, here comes the food, go go go... Rush Limbaugh told his multi-millions of listeners that Obama only did that to gain favour with black people in America. This is the kind of idiocy that I have to deal with in my country.
Life isn't meant to be easy. It's hard to take being on the top - or on the bottom. I guess I'm something of a fatalist. You have to have a sense of history, I think, to survive some of these things... Life is one crisis after another.
Richard M. Nixon
Faced with crisis, the man of character falls back on himself. He imposes his own stamp of action, takes responsibility for it, makes it his own.
Charles de Gaulle
The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.
George W. Bush
The British have a remarkable talent for keeping calm, even when there is no crisis.
Franklin P. Jones
Man is not imprisoned by habit. Great changes in him can be wrought by crisis - once that crisis can be recognized and understood.
I really do think that any deep crisis is an opportunity to make your life extraordinary in some way.
Control thought-forms are the basis of our deepest moral crisis.
Bryant H. McGill
The completely solitary self: that's where poetry comes from, and it gets isolated by crisis, and those crises are often very intimate also.
In prehistoric times, mankind often had only two choices in crisis situations: fight or flee. In modern times, humor offers us a third alternative; fight, flee - or laugh.
The biggest and most interesting crisis in the world is the human crisis, and it never gets boring. It goes back to Shakespeare. You don't need a gimmick; it's just man against man and their intolerance of each other.
A radical inner transformation and rise to a new level of consciousness might be the only real hope we have in the current global crisis brought on by the dominance of the Western mechanistic paradigm.
Martin Luther King, Jr.
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