A Quote by Andrei Shleifer

Edward Conard’s book represents the most cogent and persuasive analysis of the Financial Crisis to date. It is deeper and likely more accurate than what we have seen so far from journalists, academ- ics, and particularly former government officials.
Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.
Of all the many memoirs by former Soviet officials, Palazchenko's is among the best written and also the most objective. Even his descriptions of U.S. policy are more accurate and judicious than those of some American scholars.
A common criticism of establishment journalists entails comparing them to stenographers, on the ground that most of them do little more than mindlessly write down and uncritically repeat what government officials say.
Empathically accurate perceivers are those who are consistently good at 'reading' other people's thoughts and feelings. All else being equal, they are likely to be the most tactful advisors, the most diplomatic officials, the most effective negotiators, the most electable politicians, the most productive salespersons, the most successful teachers, and the most insightful therapists.
By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.
I saw the government really using the excuse of a weak economy and a financial crisis to create more government and to push onto the American entrepreneurial society more and more restraints and government activity.
The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.
I intend to travel to Okinawa and to visit with Okinawa officials and the citizens of Okinawa at an early date. I will send my best analysis of that situation, including the local attitudes, back to Washington, to the government there.
We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!
Women's battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
Almost no one will accept responsibility for his or her role in precipitating a crisis: not leveraged speculators, not willfully blind leaders of financial institutions, and certainly not regulators, government officials, ratings agencies or politicians.
Nothing is more important to national security and the making and conduct of good policy than timely, accurate, and relevant intelligence. Nothing is more critical to accurate and relevant intelligence than independent analysis.
We are in a situation with the huge stimulus package that's going to be spent all across this nation and a big financial crisis and banking crisis. And what we need is good, trained journalists who can play the role of watchdog.
The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
Of all the inventions that have helped to unify China perhaps the airplane is the most outstanding. Its ability to annihilate distance has been in direct proportion to its achievements in assisting to annihilate suspicion and misunderstanding among provincial officials far removed from one another or from the officials at the seat of government.
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