A Quote by Hans-Werner Sinn
I understand very well that politicians always have to bridge the gap until the next election, even if long-term dangers increase as a result. But as an economist, my time horizon is longer.
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You can't invest in natural gas on a daily basis. It's too volatile. But if you think of natural gas as a long-term holding, then you push your profit horizon out. A long-term time horizon would be at least two years.
I think markets are often not thinking on a long-time horizon, I think that our government structurally is doing even less so. When we have a government where we have people who are up for election at most once every six years for a U.S. senator, that's a time horizon that is much shorter than in a market that a company is looking at 10, 15, 20 years which is a time horizon over which a stock price is typically valued.
It is our job, as members of parliament, to legislate with an eye to the long term future, to look over the horizon beyond the next election and ensure that as far as we can what we do today will make Australia a better place, a safer place, for future generations to live in.
Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.
For a politician, the long term is between now and the next election.
My whole background was with bands, so I always thought of "fashion" as performative. It took me a long time to bridge the gap between my music and what I was studying in school, [which was] dance and being a performer.
In place of science, the Eskimo has only magic to bridge the gap between what he can understand and what is not known. Without magic, his life would be one long panic.
Angela Merkel has been focused on the right things. She has focused on the interests of her citizens - and not just in a narrow, short-term way, but in a very thoughtful - Let's make the world a better place for future generations as well - kind of way. Whether it's about climate or migration, she's not afraid to look at the longer-term trendlines and say, OK, we need position ourselves here, even if it doesn't seem obvious - this is the direction we need to go in. People respect that in Merkel, that a politician has a vision for the long term.
I'm much more attracted personally to governments going their full term. It's very hard to have a fixed term election I know with ah... a parliamentary democracy, but I've always had an instinct to say there should be a fixed term.
Sovereigns always see with pleasure a taste for the arts of amusement and superfluity, which do not result in the exportation of bullion, increase among their subjects. They very well know that, besides nourishing that littleness of mind which is proper to slavery, the increase of artificial wants only binds so many more chains upon the people.
It took quite a bit of work and time and mistakes to begin to feel - to understand the strength that comes along with building a home life.That was very mysterious to me. I was very skeptical of it for a long time, and didn't understand it fully until Patti [ Scialfa] and I got together.
If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you, and/or your spouse, are likely to live about that long, and you'll be investing the whole way.
I happen to believe that this election year [2016] is...one of the most important elections that we're going to face in a very long time. I know we hear from time to time that every election is important. This one is very, very important.
I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.
I always had that long-term vision. Even getting going with cinema, knowing it was such a long road to be able to make films, but I always had a long term. Whenever I was starting out, I had that patience.
We shall never have more time. We have, and always had, all the time there is. No object is served in waiting until next week or even until tomorrow. Keep going... Concentrate on something useful.
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