QuoteProject
I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.
Bill Gates
ShareWTF𝕏

Interpretation

What this quote means

The quote expresses concern about the potential risks of fiscal imbalances leading to a financial crisis.

In this quote, Bill Gates highlights the importance of recognizing and addressing fiscal imbalances in order to prevent future financial crises. He conveys a sense of urgency and concern regarding the implications of failing to manage these economic disparities, suggesting that they could lead to significant economic instability.

Themes

Fiscal ImbalancesFinancial CrisisEconomic StabilityBudgetManagement

In practice

Example use cases

In a financial conference discussing economic strategies.

More from Bill Gates

Nuclear energy, in terms of an overall safety record, is better than other energy.
Bill GatesRead
The Internet is becoming the town square for the global village of tomorrow.
Bill GatesRead
With the states release today of a set of clear and consistent academic standards, our nation is one step closer to supporting effective teaching in every classroom, charting a path to college and careers for all students, and developing the tools to help all children stay motivated and engaged in their own education. The more states that adopt these college and career based standards, the closer we will be to sharing innovation across state borders and becoming more competitive as a country.
Bill GatesRead
About three million computers get sold every year in China, people don't pay for the software. Someday they will, though. And as long as they're going to steal it, we want them to steal ours. They'll get sort of addicted, and then we'll somehow figure out how to collect sometime in the next decade.
Bill GatesRead
Internet TV and the move to the digital approach is quite revolutionary. TV has historically has been a broadcast medium with everybody picking from a very finite number of channels.
Bill GatesRead
These four policy prescriptions - strengthening educational opportunities, revamping immigration rules for highly skilled workers, increasing federal funding for basic scientific research, and providing incentives for private-sector R&D - should in my view be top priorities as Congress and the Administration consider how to maintain the nation's leadership in science, technology, and innovation.
Bill GatesRead

Similar quotes

Passive commerce . . . should thus . . . [compel us] to content ourselves with the first price of our commodities, and to see the profits of our trade snatched from us, to enrich our enemies and persecutors. That unequalled spirit of enterprise . . . an inexhaustible mine of national wealth, would be stifled and lost; and poverty and disgrace would overspread a country, which, with wisdom, might make herself the admiration and envy of the world.
Alexander HamiltonRead
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
Ludwig Von MisesRead
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
Robert ReichRead
Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.
Ludwig Von MisesRead
Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?
Robert SolowRead
They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers than to be invested with monopoly over impoverished customers.
Frederic BastiatRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.