Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infin…

- Adair Turner, Baron Turner Of Ecchinswell

The richer people, when they get another $100,000, or another million, or 10 million, don't tend to spend it as much as the poorer people would if th…

- Adair Turner, Baron Turner Of Ecchinswell

In economics, when you put together a highly elastic thing and a highly inelastic thing, you create extraordinary potential for turbulence, volatilit…

- Adair Turner, Baron Turner Of Ecchinswell

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 den…

- Adair Turner, Baron Turner Of Ecchinswell

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

- Adair Turner, Baron Turner Of Ecchinswell

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 econom…

- Adair Turner, Baron Turner Of Ecchinswell

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

- Adair Turner, Baron Turner Of Ecchinswell

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 …

- Adair Turner, Baron Turner Of Ecchinswell

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 probl…

- Adair Turner, Baron Turner Of Ecchinswell