A Quote by George P. Shultz
If they are too big to fail, make them smaller.
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Freedom is messy. In free societies, people will fall through the cracks - drink too much, eat too much, buy unaffordable homes, fail to make prudent provision for health care, and much else. But the price of being relieved of all those tiresome choices by a benign paternal government is far too high. Big Government is the small option: it's the guarantee of smaller freedom, smaller homes, smaller cars, smaller opportunities, smaller lives.
It is worth noting that 'too big to fail' is not simply about size. A big institution is 'too big' when there is an expectation that government will do whatever it takes to rescue that institution from failure, thus bestowing an effective risk premium subsidy. Reforms to end 'too big to fail' must address the causes of this expectation.
Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.
Big Government is the small option: it's the guarantee of smaller freedom, smaller homes, smaller cars, smaller opportunities, smaller lives.
We're still under the weight of this impression that the ocean is too big to fail, that the planet is too big to fail.
I'm lucky that I get to jump around, do a big-budget comedy and then a smaller film. I don't even make a big distinction between them.
The government is just too big, and we have to make it smaller; people are getting lost.
We talk about institutions that are too big to fail - I think the story is as much about people who think they are too big to fail.
I wish that restaurateurs would choose simpler and smaller glassware. The tables on restaurants these days are way too crowded, and mostly because the plates are too odd looking and big, and the wine glasses are so gigantic that it takes up the whole surface area and you can't move. I prefer smaller glassware.
The only way to make sure no bank is too big to fail is to make sure no bank is too big.
I'm lucky that I get to jump around, do a big-budget comedy and then a smaller film. I don't even make a big distinction between them. No one believes this, but it's the same. I'm the same person, trying to make it work. I just love being on a movie set. I like making movies.
If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.
No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis.
We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.
Liberalism is wrong because it doesn't work. If a company is too big to fail, it is too big to exist.
You can't have some institutions that are protected by the law, not allowed to fail, and not held to account, and all the other companies in America are allowed to fail. You can't have equal justice under law and too big to fail.
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