market-economies-innovative-view-greed-fear-losses-system-much-risk-bankruptcy

If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.

Nouriel Roubini
0/5 (0)

Nouriel Roubini's Popular Quotes

In the history of modern capitalism, crises are the norm, not the exception.

- Nouriel Roubini

I am not going to say I told you so, but I did.

- Nouriel Roubini

I think it's true that the 1 Percent or the elite are living in a world of, maybe, excessive privilege, and they don't fully realize how much pain an…

- Nouriel Roubini

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - …

- Nouriel Roubini

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolven…

- Nouriel Roubini

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.

- Nouriel Roubini

Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxyg…

- Nouriel Roubini

A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but…

- Nouriel Roubini

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopol…

- Nouriel Roubini
0 Comments

Login to join the discussion